“Versatile’s acquisition of Environmental Management Systems is core to our investment thesis and will help Versatile become one of the premier providers of utility transformer services nationwide,” said Victor Vescovo, COO & Managing Partner at Insight Equity.
Environmental Management Systems is a transformer and electrical equipment recycling company serving the needs of utilities located across the Western US. The company operates out of a single location in Phoenix (www.emsrecycles.com).
Versatile Processing Group (VPG) is a processor of industrial non-ferrous metals servicing the manufacturing, electric utility, and metal recycling industries. The company also provides repair, refurbishment, and decommissioning services for electrical utility equipment. VPG is headquartered in Indianapolis and has additional facilities in Defuniak Springs, FL; Des Plaines, IL; Nabb, IN; and Wills Point, TX (www.vpg-inc.com).
“We are pleased to expand both VPG’s oil processing capabilities as well as its ability to serve customers in the Western US. We look forward to continuing to grow VPG both organically and through other potential acquisitions,” said James Jackson, a Vice President at Insight Equity.
Insight Equity makes control investments in middle market, asset intensive companies across a range of industries and specializes in partnering with companies experiencing some level of underperformance. Insight Equity also seeks complex and challenging situations, including public to private transactions, corporate divestitures, bankruptcies, restructurings and private family ownership. The firm is based in Southlake, TX (near Dallas) and also has an office in New York (www.insightequity.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-25-13