US: Distribution International Inc (DI), a portfolio company of global private equity firm Advent International active in the mechanical insulation market, has acquired Insulation Fabricators Inc (IFI), which produces and distributes thermal and acoustical insulation products.
Headquartered in Hammond, Indiana, IFI expands DI's Midwestern footprint with additional locations in Ohio and West Virginia. The acquisition also extends DI's service range and features fabrication capabilities for a wide range of applications such as pipes, vessels, ductwork and boilers. The acquisition complements the existing breadth and depth of DI's inventory and enhances its ability to source any product for its customers.
"Outstanding customer experience has always been our mission," said Celeste Mastin, DI CEO. "The acquisition of IFI reinforces our dedication to providing clients with critical products and services anywhere across our growing footprint. Having completed 12 acquisitions over four years strengthens our strategy and supports our service goals."
"DI's customer centric focus parallels our own commitment and service philosophy at IFI. Since founding IFI in 1979, we have made customer service the hub of this business and we are proud of what we have built with the help of our employees. The opportunity to join DI, coupled with the resources that will now be available, allows us to further enhance the customer experience and better serve project needs," said IFI founder Larry McNabb and president and CEO Ted McNabb in a joint statement.
