SOUTHLAKE, Texas and CANTON, Michigan – January 4, 2017 – Insight Equity Holdings LLC (“Insight Equity”), a leading middle-market private equity firm, is pleased to announce the sale of its portfolio company, Material Sciences Corporation (“MSC”), through a successful management buyout by the MSC team.
Headquartered near Detroit, Michigan, Material Sciences is a leading technology provider of metal solutions for acoustical, light-weighting, and coil coated applications. The U.S. based company provides solutions to customers in a wide array of vertical markets, including automotive, consumer goods and construction, across 12 countries.
“We are very proud of what we have accomplished together with the MSC management team,” commented Ted Beneski, CEO and Managing Partner of Insight Equity. “Through our collaboration, the Company has improved its manufacturing yield and completed four strategic acquisitions which has helped to expand its product offering, capabilities, and geographic reach.”
Pat Murley, CEO of MSC, added “We have enjoyed four successful years with the support of Insight Equity and are looking forward to building on that success as we continue to focus on providing exceptional technology, expertise, and service to our increasingly sophisticated customers.”
Jack Waterstreet, Partner at Insight Equity, said “The partnership between Insight Equity and MSC not only helped the Company achieve significant growth and scale, but it is also an example of Insight Equity’s commitment to supporting our portfolio management teams with more than just capital by working alongside management team members for key operational and strategic objectives.”