Insight Equity Announces the Sale of Flanders Corporation

Insight Equity Announces the Sale of Flanders Corporation

May 17, 2016

SOUTHLAKE, Texas; WASHINGTON, North Carolina; and OSAKA, Japan - May 17, 2016 - Insight Equity Holdings LLC ("Insight Equity"), a leading middle-market private equity firm, is pleased to announce the sale of its portfolio company, Flanders Corporation ("Flanders") to American Air Filter Company Inc., a subsidiary of Daikin Industries, Ltd.

Headquartered in Washington, North Carolina, Flanders is a manufacturer of heating and air conditioning filters, industrial and specialty filters, and high purity filters and containment systems for use in industries including electronics manufacturing and pharmaceuticals.

"We are very proud of what we have accomplished together with the Flanders management team," commented Ted Beneski, CEO and Managing Partner of Insight Equity. "Through our collaboration, the company has improved its production capacity and delivery metrics while continuing to introduce innovative, new products."

Eliot Kerlin, Partner at Insight Equity, added "We were drawn to Flanders for many reasons, including its strong product mix and potential for significant growth. Insight Equity's operationally-intensive approach served as a catalyst to identify, prioritize, and pursue a number value creation opportunities. Since acquiring the company in May 2012, our team has worked closely with Company leadership to implement these initiatives. We believe Flanders is a stronger company and better positioned for the future."

About Insight Equity

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