Distribution International Inc, a portfolio company of Advent International, has acquired Insulation Fabricators Inc. No financial terms were disclosed. IFI is a provider of thermal and acoustical insulation products.
HOUSTON–(BUSINESS WIRE)–Distribution International, Inc. (DI) announced the acquisition of Insulation Fabricators Inc. (IFI), a leading fabricator and distributor of thermal and acoustical insulation products. Headquartered near Chicago in Hammond, Indiana, IFI expands DI’s Midwestern footprint with additional locations in Ohio and West Virginia. Houston-based DI, a portfolio company of global private equity firm Advent International, is a leader in the mechanical insulation market.
The acquisition of IFI expands DI’s service range and features fabrication capabilities for a wide range of applications such as pipes, vessels, ductwork and boilers. With ample warehouse space and stocking, the acquisition complements the existing breadth and depth of DI’s inventory and enhances the company’s ability to source any product for their customers.
“Outstanding customer experience has always been our mission,” said Celeste Mastin, CEO of Distribution International. “The acquisition of Insulation Fabricators reinforces our dedication to providing clients with critical products and services anywhere across our growing footprint. Having completed 12 acquisitions over four years strengthens our strategy and supports our service goals.”
Insulation Fabricators, Inc. founder, Larry McNabb, and President and CEO, Ted McNabb, said in a joint statement, “DI’s customer centric focus parallels our own commitment and service philosophy at IFI. Since founding IFI in 1979, we have made customer service the hub of this business and we are proud of what we have built with the help of our employees. The opportunity to join DI, coupled with the resources that will now be available, allows us to further enhance the customer experience and better serve project needs.”
About Distribution International (DI)
DI is a value-added distributor of insulation, related specialty fabricated products, and accessory supplies in North America. Based in Houston, the company has 70 branch locations and provides its customers with mission-critical products and services across the commercial building, chemicals, energy, power, railcar and marine end markets. 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 in more than 300 private equity transactions in 40 countries and as of December 31, 2014, had $33 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 180 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 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.