Wabash Puts Up $360M For Insight-Held Steel Tank Maker

Law360, New York (March 27, 2012, 1:35 PM EDT) -- Leading semitrailer manufacturer Wabash National Corp. has inked a $360 million deal to acquire an Insight Equity Holdings LLC portfolio company specializing in stainless steel storage and transport tanks for use in various industries, including the chemical, food and beverage, aviation and energy sectors, Wabash announced Tuesday.

The deal gives Lafayette, Ind.-headquartered Wabash control of Walker Group Holdings LLC's 10 brand names, including Walker Transport, Garsite, Brenner Tank and Bulk Tank International, according to a statement Wabash issued Tuesday.

The acquisition will allow Wabash to advance...
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