Distribution International Inc, a portfolio company of Advent International, has acquired certain assets of Johnson Insulation LLC. No financial terms were disclosed. Based in Spokane, Washington, Johnson Insulation focuses on laminating metal building insulation.
HOUSTON – June 2, 2016–- Distribution International, Inc. (“DI”), a leading distributor and fabricator in the mechanical insulation market, today announced it has acquired certain assets of Johnson Insulation, LLC. Located in Spokane, Washington, Johnson Insulation, LLC specializes in laminating metal building insulation. Houston-based DI is a portfolio company of global private equity firm, Advent International.
“In acquiring these assets, DI will be expanding our metal building fabrication capabilities into the Northwest. We are excited to broaden and grow our product offering and metal building footprint in North America,” said Robert Case, Vice President and General Manager of Distribution International.
David Dzina, VP of MBI Development said, “DI is enthusiastic to bolster our metal building operations in alignment with our service strategy. The assets we have gained from Johnson Insulation will strengthen our service ability within this territory.”
About Distribution International (DI)
Founded in 1986, DI is a value added distributor of insulation, related specialty fabricated products, HVAC, and safety supplies in North America. The Houston-based company has 85 locations and provides its customers with mission-critical products and services across 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.
The company has grown significantly over the past four years, having completed 15 acquisitions and has the broadest reach of any distributor of mechanical insulation products in the U.S. and Canada. For more information, visit www.distributioninternational.com.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested $30 billion in more than 300 private equity transactions in 40 countries. As of December 31, 2015, it had $29 billion in assets under management, which does not include the $13 billion recently raised for Advent’s latest global fund.
With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom.
After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information, visit www.adventinternational.com