SOUTHLAKE, Texas; KENNESAW, Georgia; and EUGENE, Oregon – August 10, 2021 – Insight Equity Holdings LLC (“Insight Equity”), a leading middle-market private equity firm, is pleased to announce that its air pollution control manufacturer portfolio company, LDX Solutions (“LDX”), has acquired Western Pneumatics, Inc. (“WPI”).
Western Pneumatics, Inc. is a full-service fabricator of pneumatic and mechanical conveying systems, machinery, and custom products/parts to the wood products and industrial markets. In addition, the Company manufactures environmental systems and provides commissioning, parts, maintenance, shut-down/turn-around support, and training for its customer base. Headquartered in Eugene, Oregon, WPI has a secondary fabrication location in Ruston, Louisiana and is focused on the contiguous United States.
Victor Vescovo, a Managing Partner at Insight Equity and Chairman of LDX, remarked, “We are so pleased to bring together these two great firms and expand our worldwide footprint with some of the best people in the industry.”
Bill O’Shea, CEO of LDX Solutions, added, “We are very excited to welcome the WPI team to LDX Solutions. The manufacturing, installation, and service expertise that WPI brings will play an important role in growing our traditional project and aftermarket businesses as well as our ongoing product development programs.”
Bob Marshall, CEO of Western Pneumatics, added, “WPI has long been known for our professionalism, focus on customer needs, and a healthy employee culture. Joining the LDX organization provides additional resources and capabilities that will allow us all to continue to grow while maintaining these attributes.”
Fraser Desmond, a Principal at Insight Equity, commented, “The combination of LDX and WPI enhances our ability to provide consistent support to our customers from engineering design to daily operations. By adding WPI’s deep manufacturing, installation, and maintenance expertise to LDX, the Company can provide full lifecycle support for its environmental systems.”
LDX Solutions (“LDX”) designs, engineers, and manufactures multi-pollutant air pollution control (“APC”) equipment and systems under the legacy Dustex, Geoenergy, and Lundberg brands. Founded in 1947 and holding over 20 patents in the APC industry, LDX is based in Kennesaw, Georgia. LDX’s portfolio provides solutions for Particulate Matter, SOx, Mercury, NOx, HAP, and VOC control, utilizing: Circulating Dry Scrubbers (“CDS”), Activated Carbon Injection (“ACI”) Systems, Dry Sorbent Injection (“DSI”) Systems, Selective Catalytic Reduction/Selective Non-Catalytic Reduction (“SCR/SNCR”), fabric filters, baghouses, cartridge collectors, nuisance collectors, heat exchangers, cyclones, multi-clones, wet ESP, and Regenerative Thermal Oxidizers (“RTO”).
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 a variety of 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.