Distribution International, a portfolio company of Advent International, has acquired the assets of E.O. Wood Company, a fabricator and distributor of commercial, mechanical and industrial insulation.
E.O. Wood has a specialization in the fabrication of Rigid Wrap®, a product used to insulate pipes and tanks. The company is also an official distributor of Johns Manville insulation products. E.O. Wood has a 40,000 square foot warehouse, manufacturing, and headquarters facility in Fort Worth, TX (www.eowood.com).
“In acquiring E.O. Wood, DI will be expanding its fabrication capabilities in the Southeast region with a focus on the pipe and tank wrap market. We are excited to enhance our fabrication operations to further serve our customers in this region,” said David Jacobs, Mergers & Acquisitions Director of Distribution International.
Distribution International (DI) is a value-added distributor of insulation, abatement supplies, fire protection products, refractory products, and safety & contractor supplies. The company has 85 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).
Advent International acquired DI in December 2014 from Audax Private Equity and The CapStreet Group which in turn acquired DI in August 2010 from Grey Mountain Partners. Since December 2011, DI has completed 20 add-on acquisitions in the mechanical insulation market, expanding its geographic presence across the US and Canada and broadening its product and service offerings.
Advent International invests in companies active in business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. The firm is owned and operated by 45 partners and governed by a group of 14 managing partners. 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 $42 billion in assets under management and has completed more than 300 buyout and private equity transactions (www.adventinternational.com).
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