Distribution International, a portfolio company of Advent International, has acquired RB, one of North America’s largest marine specialty insulation distributors and fabricators. Financial terms were not disclosed.
HOUSTON – January 5, 2021 – Distribution International, Inc. (DI), North America’s leading mechanical insulation distributor, today announced the acquisition of RB, LLC, one of North America’s largest marine specialty insulation distributors and fabricators.
As a result of this acquisition, DI enhances its ability to deliver high-quality products and exceptional service to marine customers across North America.
“This acquisition is an exciting addition for DI as we continue to advance toward our goal of emerging from the pandemic as the clear service leader in the mechanical insulation fabrication and distribution industry,” said Steve Margolius, CEO, Distribution International. “RB brings deep technical expertise and valuable customer relationships in the marine insulation segment to DI, and we look forward to joining forces and expanding our marine product and service offering to our combined customer base in the U.S. and Canada.”
RB operates two marine distribution and fabrication facilities, located in New Orleans, LA, and San Diego, CA. They will become part of DI’s existing marine operations and will be led by Joey Viselli, SVP and general manager, U.S. East & Silvercote Division.
DI is North America’s leading mechanical insulation distributor and a portfolio company of Advent International.
About Distribution International
Founded in 1986, DI is a value-added distributor of insulation-related specialty fabricated products, HVAC products, and safety supplies in North America. The Houston-based company has over 90 locations and provides its customers with mission-critical products and services across the commercial building, chemicals, energy, power, railcar and marine end markets. The company has the broadest reach of any distributor in its market in the U.S. and Canada.
For more information, visit: www.distributioninternational.com or https://www.linkedin.com/company/distribution-international.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 360 private equity transactions in 41 countries, and as of September 30, 2020, had $66.2 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 235 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. After more than 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.