William Blair arranged a $45 million senior credit facility for Dustex LLC, a portfolio company of Insight Equity, in its role as exclusive financial advisor. The transaction, which supports Dustex’s acquisition of A.H. Lundberg, closed on March 11, 2016, and highlights the expertise and trusted guidance William Blair brings to its sponsor-owned clients.
Transaction Highlights
- Fit with William Blair’s leveraged finance and industry expertise: Insight Equity and Dustex were attracted to William Blair’s significant debt placement capabilities, the firm’s network of potential debt capital providers, and the firm’s environmental services sector experience.
- Maximizing flexibility: William Blair’s dedicated team of seasoned financing specialists led a diverse marketing effort, resulting in a capital structure that gives Dustex the flexibility to execute on its growth strategy.
- Turnkey financing team: The deal team worked closely with Insight Equity to analyze its financing options, prepare offering materials, market to prospective lenders, provide guidance regarding key deal elements, and negotiate the final terms of the transaction.
About the Companies
Dustex designs, engineers, and manufactures multi-pollutant air pollution control (APC) equipment and systems. Founded in 1947 and based in Kennesaw, GA, the company holds more than 20 patents in the APC industry and specializes in the more difficult applications in the air control market where its engineering talent provides competitive differentiation.
Lundberg specializes in the design and supply of custom solutions including engineering, systems, and equipment for the process industries, to meet each client's unique environmental, energy efficiency, evaporation, and chemical processing needs.
Insight Equity is a Texas-based private equity firm focused on making control investments in strategically viable, middle-market, asset intensive companies across a wide range of industries. Insight Equity specializes in partnering with companies in complex and challenging situations, including corporate divestitures, aggressive growth opportunities, restructurings, and transitions from private family ownership.