Distribution International, Inc., a portfolio company of Advent International, through its wholly owned Canadian subsidiary, Crossroads C&I Distributors, Inc., has acquired certain assets of Frost Insulation Supplies, Inc. Financial terms were not disclosed.
Surrey, BC based Frost provides mechanical insulation and related supplies to some of Western Canada’s largest specialty insulation and HVAC contractors.
Since December 2011, Distribution International has completed 21 acquisitions in the mechanical insulation market, expanding its geographic presence across the U.S. and Canada and broadening its product and service offerings.
Distribution International, formerly a portfolio company of Audax Group and The CapStreet Group, recapitalized Edmonton, Alberta based Crossroads C&I Distributors in July 2012, replacing Yellow Point Equity Partners as the principal shareholder of Crossroads C&I Distributors.
Advent International acquired Distribution International from Audax and CapStreet in December 2015.
DISTRIBUTION INTERNATIONAL’S CROSSROADS C&I ACQUIRES FROST INSULATION SUPPLIES, INC.
HOUSTON- Distribution International, Inc. (“DI”), the leading distributor and fabricator in the mechanical insulation market and portfolio company of Advent International, today announced its wholly owned Canadian subsidiary, Crossroads C&I Distributors, Inc., (“Crossroads”), has acquired certain assets of Frost Insulation Supplies, Inc. (“Frost”). Located in Surrey, British Columbia, Frost provides mechanical insulation and related supplies to some of Western Canada’s largest specialty insulation and HVAC contractors. Financial terms of the transaction were not disclosed.
“This acquisition aligns perfectly with our strategy of accelerating growth by continuing to consolidate our core mechanical insulation market in North America,” said Steve Margolius, DI’s CEO. “We are excited to support the Crossroads team and expand our presence in one of our strongest markets.”
Korey Haun, President of Crossroads C&I, said, “We are thrilled to partner with the Frost team and look forward to providing our combined customers with the highest quality products and service in the industry.”
Chris Ceraldi, President of Frost Insulation Supplies, Inc. added “We are excited to be partnering with Canada’s leading mechanical insulation distributor. Crossroads, with its superior customer service and technical support, is a perfect fit with Frost’s core values.”
Mergers and acquisitions are an important element of DI’s growth strategy. Since December 2011, DI has completed 21 acquisitions in the mechanical insulation market, expanding its geographic presence across the U.S. and Canada and broadening its product and service offerings.
Surrey, BC based Frost provides mechanical insulation and related supplies to some of Western Canada’s largest specialty insulation and HVAC contractors.
Since December 2011, Distribution International has completed 21 acquisitions in the mechanical insulation market, expanding its geographic presence across the U.S. and Canada and broadening its product and service offerings.
Distribution International, formerly a portfolio company of Audax Group and The CapStreet Group, recapitalized Edmonton, Alberta based Crossroads C&I Distributors in July 2012, replacing Yellow Point Equity Partners as the principal shareholder of Crossroads C&I Distributors.
Advent International acquired Distribution International from Audax and CapStreet in December 2015.
DISTRIBUTION INTERNATIONAL’S CROSSROADS C&I ACQUIRES FROST INSULATION SUPPLIES, INC.
HOUSTON- Distribution International, Inc. (“DI”), the leading distributor and fabricator in the mechanical insulation market and portfolio company of Advent International, today announced its wholly owned Canadian subsidiary, Crossroads C&I Distributors, Inc., (“Crossroads”), has acquired certain assets of Frost Insulation Supplies, Inc. (“Frost”). Located in Surrey, British Columbia, Frost provides mechanical insulation and related supplies to some of Western Canada’s largest specialty insulation and HVAC contractors. Financial terms of the transaction were not disclosed.
“This acquisition aligns perfectly with our strategy of accelerating growth by continuing to consolidate our core mechanical insulation market in North America,” said Steve Margolius, DI’s CEO. “We are excited to support the Crossroads team and expand our presence in one of our strongest markets.”
Korey Haun, President of Crossroads C&I, said, “We are thrilled to partner with the Frost team and look forward to providing our combined customers with the highest quality products and service in the industry.”
Chris Ceraldi, President of Frost Insulation Supplies, Inc. added “We are excited to be partnering with Canada’s leading mechanical insulation distributor. Crossroads, with its superior customer service and technical support, is a perfect fit with Frost’s core values.”
Mergers and acquisitions are an important element of DI’s growth strategy. Since December 2011, DI has completed 21 acquisitions in the mechanical insulation market, expanding its geographic presence across the U.S. and Canada and broadening its product and service offerings.
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