Jan. 7, 2015: Advent International Acquires Distribution International
The Company Is a Distributor of Thermal and Acoustical Insulation and Related Supplies
BOSTON — Advent International, one of the largest global private equity investors, announced that it has acquired Distribution International Inc. (DI), a leading distributor and fabricator of mechanical insulation and related products in North America. Under the terms of the agreement, existing shareholder Audax Group will retain a minority equity position in the company and remain on the board of directors. Financial terms of the transaction were not disclosed.
Founded in 1986, DI is a distributor of thermal and acoustical insulation and related supplies. The Houston-based company has 64 branch locations and provides its customers with products and services across the commercial building and other end markets. The company has grown significantly over the past four years, having completed 11 acquisitions and is said to have the broadest reach of any distributor of mechanical insulation products in the U.S. and Canada.