News & Press Releases

Micross Solutions
Insight Equity Affiliate Acquires Altron, Inc.
March 30, 2021

SOUTHLAKE, Texas; AUSTIN, Texas; and ANOKA, Minnesota – March 30, 2021 – Insight Equity Holdings LLC (“Insight Equity”), a leading middle-market private equity firm, is pleased to announce that its electronic manufacturing services portfolio company, VIRTEX Enterprises (“VIRTEX”), has acquired Altron, Inc.

Altron is a leading electronics manufacturing services ("EMS") company, which provides assembly and test of highly reliable electronic assemblies to aerospace, defense, medical, and industrial electronics companies. Altron's single facility location near Minneapolis has allowed it to develop long-term relationships with key defense and medical customers in the region. With over 45 years of service within the EMS industry, Altron is known for its superior quality manufacturing of mission-critical products in the high-mix, low-volume production environment.

Jeff Sterrett, a Senior Vice President at Insight Equity, added, “Altron has cultivated deep customer relationships and an outstanding quality reputation. VIRTEX is excited to partner with the Altron team to support its continued growth as part of a larger platform with greater scale and explore significant growth opportunities for both VIRTEX and Altron.”

Victor Vescovo, a Managing Partner at Insight Equity, remarked, “VIRTEX remains hyper-focused on supporting customers with the most stringent quality and reliability requirements within our core markets of aerospace and defense, space and satellite, medical, and industrial technology. Altron’s sophisticated production capabilities augments VIRTEX’s ability to serve its customer’s needs.”

Brad Heath, CEO of VIRTEX, commented, "Altron extends VIRTEX's geographic reach further into the Midwest medical, aerospace and defense corridor, enhancing our relationships with key customers who we service in other regions. Altron also brings expanded expertise in medical device manufacturing to the VIRTEX platform, which will be beneficial for our existing customers. Adding Altron to the VIRTEX platform enhances the services and capabilities we can offer to both Altron's and VIRTEX's existing customers. It also provides disaster recovery capability for customers requiring 21 CFR 820 medical device certification, or IPC 610/J-STD Space and Satellite certification, increasing their security in the event of a local catastrophe."

About VIRTEX Enterprises

VIRTEX is a leading manufacturer of circuit card assemblies, high complexity cables and harnesses, precision machined parts, and mission-critical electronic systems for small and medium-sized customer programs across a wide range of industries, including aerospace and defense, medical, and industrial. VIRTEX specializes in high-reliability markets requiring complex system level assembly and world-class supply chain resiliency. By providing a regionally focused market segment approach, VIRTEX can bring greater value and innovation to its customers, improve OEM competitiveness, and deliver comprehensive, tailored solutions that are specific to each customer. VIRTEX is based in Austin, Texas, with additional manufacturing facilities in Plano, Texas, Wisconsin, Massachusetts, Minnesota, New Hampshire, Virginia, New Jersey, and Juarez, Mexico.

About Insight Equity

Insight Equity makes control investments in strategically viable, middle-market manufacturing and distribution businesses across a wide range of industries. Leveraging its collaborative value creation model, Insight Equity facilitates operating enhancements, efficiency improvements, and growth. The firm specializes in partnering with companies in complex or challenging situations, including corporate divestitures, management buyouts, growth opportunities, going-private transactions, restructurings, and transitions from family ownership. Insight Equity is headquartered near the Dallas / Ft. Worth International Airport in Southlake, Texas. The firm also has an office in New York City.