William Blair acted as exclusive financial advisor to LDX Solutions (LDX), a portfolio company of Insight Equity (Insight), in connection with its sale to Andritz AG (Andritz). The transaction closed on February 3, 2025.
About the Companies
LDX, based in Kennesaw, GA, is a leading provider of custom-engineered air pollution control, pneumatic conveying, and aftermarket solutions for a diverse range of industrial end markets (e.g., building materials, light weight aggregates, wood pellets, food). The company has a global installed base of over 2,000 systems.
Insight makes control investments in strategically viable, lower middle-market companies across a wide range of industries. The company specializes in partnering with manufacturing and distribution companies with attractive growth and market leadership positions. Leveraging its collaborative value creation model, Insight facilitates transformational improvements that can lead to significant growth in value. The company partners with and supports management teams with its operational and strategy toolkit, financial acumen, and capital.
Andritz, an international technology group, offers a broad portfolio of innovative plants, equipment, systems, services, and digital solutions for a wide range of industries and end markets. With its extensive portfolio of sustainable products and solutions, the company aims to make the greatest possible contribution to a sustainable future and help its customers achieve their sustainability goals. Andritz is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydro Power, and Environment & Energy. Technological leadership and global presence are cornerstones of the group’s strategy, which is focused on long-term profitable growth. The publicly listed group has around 30,000 employees and over 280 locations in more than 80 countries.
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