Distribution International Acquires Assets of E.O. Wood
HOUSTON- Distribution International, Inc. (“DI”), a leading distributor and fabricator in the mechanical insulation market, today announced it has acquired the assets of E.O. Wood Company. Located in Fort Worth, Texas, E.O. Wood specializes in the fabrication of Rigid Wrap® pipe and tank insulation systems. Houston-based DI is a portfolio company of global private equity firm Advent International.
“In acquiring these assets, DI will be expanding its fabrication capabilities in the Southeast region with a focus on the pipe and tank wrap market. We are excited to enhance our fabrication operations to further serve our customers in this region”
“In acquiring these assets, DI will be expanding its fabrication capabilities in the Southeast region with a focus on the pipe and tank wrap market. We are excited to enhance our fabrication operations to further serve our customers in this region,” said David Jacobs, Mergers & Acquisitions Director of Distribution International.
Mergers and acquisitions are an important element of DI’s growth strategy. Since December, 2011 the company has acquired 20 companies or assets in the mechanical insulation market, expanding its geographic presence across the U.S. and Canada and broadening its product and service offerings.
About Distribution International (DI)
Founded in 1986, DI is a value added distributor of insulation, related specialty fabricated products, HVAC, and safety supplies in North America. The Houston-based company has 85 branch locations and provides its customers with mission-critical products and services across the commercial building, chemicals, energy, power, railcar and marine end markets. Most of DI’s sales are derived from ongoing maintenance and repair spending in industrial installations and commercial buildings. The company has grown significantly over the past four years, having completed 20 acquisitions and has the broadest reach of any distributor of mechanical insulation products in the U.S. and Canada. For more information, visit www.distributioninternational.com.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in more than 300 private equity transactions in 40 countries and as of March 31, 2016, had $42 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 170 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit www.adventinternational.com.
Dana Vlk, 410-365-0457
VP of Marketing