Daily News: February 2, 2012

Insight Equity Announces Three Promotions, One Addition

Insight Equity Holdings LLC, the Dallas, TX-area headquartered private equity firm announced effective immediately the internal promotions of three of its team members and the addition of one new team member. Eliot Kerlin has been promoted to partner, Warren Bonham has joined the team as a partner, Jack Waterstreet has been promoted to senior vice president, and Kevin Slaton has been promoted to chief financial officer and chief compliance officer.

Since joining Insight Equity in 2005, Kerlin has been a key contributor to the firm’s efforts to invest substantial capital and improve existing portfolio company operations. Kerlin manages the firm’s investments in Atwood Mobile Products, a supplier of gas appliances, doors, electronics, hardware and motorized vents to the Recreational Vehicle (RV) industry, and A.P. Plasman, a designer and manufacturer of plastic injection molded and painted auto parts for complete assembly operations of Class “A” exterior trim products, and manufactured sub-systems to a variety of OEM and Tier 1 customers. His responsibilities will continue to focus on the sourcing, execution and structuring of new investments as well as portfolio company operational work.

Bonham joined the team as a partner from Direct Fuels, an Insight Equity portfolio company where he is currently the chief executive officer. Direct Fuels is a specialty refiner and fuel distribution business located in Euless, Texas. Bonham will continue in that role as well as lead the operational efforts at Insight Equity to enhance portfolio company performance. His responsibilities will include working closely with portfolio company management teams and Insight Equity personnel to reduce costs, accelerate revenue growth and develop value maximizing long-term strategies across the portfolio. Victor Vescovo, his predecessor in the position, continues as Insight Equity