Daily News: December 1, 2017

Deloitte Advises VirTex on Recapitalization with Insight Equity

Deloitte Corporate Finance acted as exclusive financial adviser to Austin-based VirTex Enterprises on its recapitalization with Insight Equity Holdings, a middle-market private equity firm. The transaction closed October 12, 2017.

Founded by current CEO Brad Heath in 1999, VirTex is a provider of electronic manufacturing services for original equipment manufacturers in a variety of end markets. 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.

“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,” Heath said.