This is the 12th acquisition completed by Distribution International (DI) over the past four years and is a continuation of a strategy launched by prior owners to consolidate the mechanical insulation distribution industry. Advent acquired DI in December 2014 from Audax Private Equity and The CapStreet Group, which had acquired the company in August 2010 from Grey Mountain Partners.
Distribution International is a distributor of thermal and acoustical insulation and related supplies. The company has 70 branch locations and serves customers in the commercial building, chemicals, energy, power, railcar and marine end markets. Most of DI’s sales are derived from ongoing maintenance and repair spending in industrial installations and commercial buildings. DI was founded in 1986 and is headquartered in Houston (www.distributionintl.com).
The buy of Insulation Fabricators expands DI’s service range with additional locations in Ohio and West Virginia. Insulation Fabricators was founded in 1979 by Larry McNabb and is headquartered near Chicago in Hammond, IN (www.insulationfabricators.com).
Advent International focuses on buyouts and strategic restructuring opportunities in five sectors: business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. Advent has offices in 16 countries and employs 170 investment professionals across Western and Central Europe, North America, Latin America and Asia. Founded in 1984 and headquartered in Boston, Advent has $33 billion in assets under management and has completed more than 300 buyout and private equity transactions (www.adventinternational.com).
2015 PEPD • Private Equity’s Leading News Magazine • 6-4-15