Insight Equity is an independent private equity firm founded in 2002 and is ultimately managed
and controlled by Ted W. Beneski (the “Managing Partner”). Insight Equity Management
Company LLC (the “Managing Agent”) is a Texas limited liability company formed in 2005 to
centralize the investment management functions of Insight Equity.
The Managing Agent serves as an investment manager and manages private equity collective
investment vehicles. Insight Equity currently manages (a) five private equity funds (together with
their respective parallel funds, special purpose, alternate investment or subsidiary investment
vehicles, the “Equity Funds”); (b) a mezzanine fund that invests in mezzanine and other securities
issued by companies in which one of the Equity Funds has an investment (together with its parallel
funds, special purpose, alternate investment or subsidiary investment vehicles, the “Mezzanine
Fund”); and (c) one special purpose single investment private equity investment partnership
formed for the Managing Partner and others prior to the formation of the Equity Funds and the
Mezzanine Fund (together with related investment vehicles, the “Pre-Fund Investments,” and
together with the Equity Funds and the Mezzanine Fund, the “Funds”). Typically, each Fund
includes a special purpose general partner, managing member or similar entity controlled directly
or indirectly by Insight Equity (each, a “General Partner”). Unless and only to the extent that the
context otherwise requires, references to Insight Equity include the General Partners.
The Equity Funds and Mezzanine Fund were organized to invest in strategically viable,
underperforming, asset intensive, middle-market companies that are primarily based in North
America. As of December 31, 2023, Insight Equity managed on a discretionary basis
$1,198,424,157 of regulatory assets under management on behalf of the Funds.
The investment activities of the Funds and
overall direction of Insight Equity are ultimately
directed by the Managing Partner. In addition to the Managing Partner, Insight Equity has a senior
management team and other investment professionals who have multi-disciplinary backgrounds
(collectively, the “Insight Equity Team”).
Insight Equity will source and evaluate investment opportunities; formulate the Funds’ investment
plans to create value; structure, negotiate and direct the debt and equity financing thereof; monitor
and manage the investments and portfolio companies (in collaboration with portfolio company
management); strategize and execute divestiture opportunities for portfolio companies; and
generally oversee the Funds’ assets in accordance with the terms of its advisory or management
agreements, confidential offering and/or private placement memoranda, limited partnership
agreement and other governing documents applicable to each Fund (the “Governing Documents”).
Investment advice and management is provided directly to the Funds and not individually to the
limited partners of or investors in the Funds (the “Investors” or “Limited Partners”). Investors
may not restrict investments by the Funds in any capacity. All existing investment restrictions are
described in the Governing Documents. Investors should review the Governing Documents for
additional information regarding the Funds in which they have invested.
Limited partnership interests, membership interests and similar equity interests in the Funds are
not registered under the Securities Act of 1933, as amended (the “Securities Act”), and the Funds
are not registered under the Investment Company Act of 1940, as amended (the “Investment
Company Act”). Accordingly, interests in the Funds have been offered and sold exclusively to
investors satisfying the applicable eligibility and suitability requirements, either in private
transactions within the United States or in offshore transactions.