BDA advises Insight Equity on sale of CSAT to Verdant Solutions 

BDA Partners is pleased to announce that its client, Insight Equity Holdings LLC, a lower middle-market private equity firm with a 24-year track record, has sold its portfolio company CSAT Solutions, an electronic and digital device repair provider, to Verdant Solutions LLC.

BDA Partners, Moelis & Company LLC, and Raymond James & Associates acted as financial advisors to CSAT, and Hunton Andrews Kurth LLP served as legal counsel.

Headquartered in Houston, Texas, CSAT is a fully integrated electronic & digital device repair partner for global original equipment manufacturers helping in-warranty and out-of-warranty repairs, inventory management, and forward / reverse logistics for servers, computers, motherboards, LCDs, and other mission-critical componentry. CSAT supports numerous OEMs in North America with its unique all-in-one (“AiO”) repair model.

“We are very proud of what we have accomplished together with the CSAT team,” commented Ted Beneski, CEO and Managing Partner of Insight Equity. “Through our partnership, the Company has diversified its customer base, enhanced operational performance indicators, and expanded its service offering to include AI server repair.”

Marek May, CEO of CSAT, added “We have enjoyed many successful years with the support of Insight Equity and are looking forward to building on that success as we continue to focus on providing technology, logistics, and repair expertise to our growing and sophisticated customer base.”

Jeff Parent, Partner at Insight Equity, said “The partnership between Insight Equity and CSAT not only helped the Company achieve growth, diversification, and scale, but it is also an example of Insight Equity’s commitment to supporting our portfolio management teams with more than just capital by working alongside key team members for critical operational and strategic objectives. We are excited to see CSAT build upon its strong foundation with its new partners. BDA Partners did an exceptional job leveraging their Services and Sustainability sector expertise and buyer relationships globally.”

Euan Rellie, Managing Partner, BDA Partners, said “Insight Equity has done a great job, in partnership with Marek and the management at CSAT, in building a global leader in electronic & digital device repair for OEMs, especially across the US and Asia. BDA is proud to have found a great new home for the business. CSAT will continue to grow and improve.”

Mark Webster, Chairman, Services & Sustainability, BDA Partners, said “CSAT is an innovative and valuable circular economy player, driving supply chain efficiency and improving customer performance across the commercial server and consumer electronics sector. BDA is building a differentiated and exciting practice across the Services and Sustainability universe.”

Insight Equity will retain its ownership in USOC Biomedical and will actively pursue growth via acquisition and organic initiatives.