Saturday, 1 September 2018

Advent’s Distribution International acquires assets of Frost Insulation Supplies

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.

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