CHARLOTTE, N.C., Nov. 30, 2017 /PRNewswire/ -- Deloitte Corporate Finance LLC acted as exclusive financial advisor to Austin-based VirTex Enterprises, LP (VirTex) on its recapitalization with Insight Equity Holdings, LLC (Insight Equity). VirTex is a leading provider of electronic manufacturing services for original equipment manufacturers in a variety of end markets. The transaction closed Oct. 12, 2017.
Founded by Brad Heath in 1999, VirTex was established as a value-add partner for companies seeking an edge in specialized, electronic manufacturing. With three North American manufacturing facilities, VirTex specializes in high-mix, low-volume printed circuit board assembly and system-level integration in the aerospace and defense, automotive, industrial and medical industries. VirTex provides solutions across the full production lifecycle, including prototyping, new product introduction, testing, after-market support and end-to-end supply chain management capabilities.
"We are excited to partner with Insight Equity and look forward to enhancing our capabilities and continuing to offer best-in-class solutions for our customers," said Brad Heath, founder and chief executive officer of VirTex.
About VirTex Enterprises, LP
VirTex is a leading provider of electronic manufacturing services for small and medium-sized original equipment manufacturers. The Austin, Texas-based company is dedicated to maintaining the highest levels of quality and providing customer-specific solutions. The Company's rigorous focus on data-driven performance indicators has enabled industry-leading margins at attractive price points. For more information, visit http://www.virtexassembly.com/.
About Insight Equity
Headquartered in Southlake, Texas, Insight Equity is a leading middle-market private equity firm, investing in middle-market companies in a variety of industries. Insight Equity's investment team has invested in businesses with over $4 billion in revenue since 2000, and specializes in strategically viable, asset intensive businesses. Using a proven value creation model, Insight Equity partners with skilled management teams to facilitate operational improvements and drive significant cash generation and growth. The firm also has an office in New York City. For more information, please visit http://insightequity.com/.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. Deloitte Corporate Finance, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
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