Distribution International Acquires Silvercote from Knauf Insulation to Strengthen Silvercote Brand.
M2 EQUITYBITES-June 13, 2019-Distribution International Acquires Silvercote from Knauf Insulation to Strengthen Silvercote Brand
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13 June 2019 - Texas, US-based mechanical insulation distributor Distribution International, Inc. has acquired South Carolina, US-based Silvercote, LLC and the assets of metal building insulation company Silvercote's Canadian operations from Knauf Insulation, Inc., and Knauf Insulation Ltd., respectively, the company said.
Silvercote's operations will be combined with DI's existing MBI business under the Silvercote brand. The combined business has a branch footprint that is ideally suited to service the company's growing customer base across North America.
As part of the transaction Silvercote will continue to source product from and work closely with Knauf Insulation to ensure uninterrupted service and consistent product to its customers.
Distribution International, a portfolio company of Advent International, is a value-added distributor of insulation-related speciality fabricated products, HVAC products and safety supplies in North America.
The Houston-based company has over 90 locations and provides its customers with mission-critical products and services across the commercial building, chemicals, energy, power, railcar and marine end markets.
Advent International is a private equity investors that has invested in over 345 private equity transactions in 41 countries. As of December 31, 2018, Advent had USD 36bn in assets under management, which does not include the USD 17.5bn recently raised for its ninth global private equity fund, GPE IX.
Silvercote is a market leading laminator and distributor of metal building insulation and related products and accessories to metal building manufacturers, speciality contractors and metal building brokers.
Knauf Insulation is a leading manufacturer of thermal and acoustical glass mineral wool insulation. Knauf Insulation offers a wide-range of insulation products to meet the growing demand for energy efficiency and acoustic performance in residential, commercial, industrial, OEM and metal building applications.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 13, 2019|
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