Houston-based Distribution International (DI) Holdings has appointed Robert Rayner to its board of directors. DI distributes marine insulation and related specialty fabricated products. Mr. Rayner previously served as president and CEO of Specialty Products & Insulation (“SPI”), a distributor of insulation and architectural products. DI is a portfolio company of Boston-based Audax Group.
Distribution International Holdings, Inc. (“DI”), a portfolio company of Audax Group, announces the appointment of Robert M. Rayner to the DI Board of Directors. Headquartered in Houston, Texas, DI is a distributor of industrial, commercial and marine insulation and related specialty fabricated products serving industrial, non-residential construction and marine end markets. DI has 20 locations located throughout Texas, Louisiana, Mississippi, Alabama, South Carolina, North Carolina, Virginia and Maryland.
“Distribution International is a leading player in a growing industry with an exceptional reputation among both customers and suppliers. I look forward to bringing my expertise to the Board as DI continues to expand organically and through acquisition.”
Mr. Rayner has extensive experience and a proven track record in the Distribution and Building Materials industries, and currently serves on two Boards and is an advisor to a third. He is Chairman of TestEquity, a private equity-portfolio test and measurement equipment distribution company, and a Board member and Chairman of the Audit Committee for US Concrete, a public company.
Young Lee, Managing Director of Audax Group, said “This is an exciting development for DI as we continue building the company. Bob’s longstanding commitment to this industry makes him a natural partner as DI grows into a market leader within its niches.”
Doug Waugaman, Chief Executive Officer of DI, said “Bob Rayner’s vast knowledge of the distribution and building products industries, as well as his successful track record of working with private equity-backed companies make him an ideal addition to our Board. We are excited to have Bob join DI as we continue to execute on our growth objectives, including our recent acquisition of Blackhawk Specialty Company.”
Bob Rayner added, “Distribution International is a leading player in a growing industry with an exceptional reputation among both customers and suppliers. I look forward to bringing my expertise to the Board as DI continues to expand organically and through acquisition.”
Mr. Rayner previously served as President and Chief Executive Officer of Specialty Products & Insulation (“SPI”), one of the leading national distributors of Insulation and Architectural products in North America. Prior to SPI, Mr. Rayner was President and Chief Operating Officer of Essroc Corp., a producer and distributor of cement and other construction materials, and also held various positions in corporate finance, treasury and international business at PepsiCo Inc. He was Chairman of the Board of the Portland Cement Association in 2001.
ABOUT AUDAX GROUP
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston and New York, Audax has raised in excess of $5.0 billion of equity, mezzanine debt, and senior loan capital. For more information visit the Audax Group website www.audaxgroup.com.