Pacific Avenue Capital Partners, through an affiliate and in partnership with Cameron Ashley Building Products, has acquired Therm-All from Incline Equity Partners.
The deal marks a strategic corporate carve-out from specialty products and insulation. The acquisition supports Pacific Avenue’s continued focus on complex middle-market transactions, particularly carve-outs. Headquartered in Westlake, Ohio, Therm-All is a provider of metal building insulation, operating 13 locations nationwide. The company serves over 2,000 commercial and industrial customers and is known for its consultative sales model, regulatory expertise and specialized product portfolio.
BofA Securities advised on the buy-side M&A, while Weil, Gotshal & Manges provided legal counsel and KPMG delivered accounting and tax advisory services.