Distribution International Inc. (DI), a distributor and fabricator in the mechanical insulation market, has acquired a target in the sector, 3i Supply Company. The transaction aligns with DI’s growth strategy centered on acquisitions that expand both its geographic presence and capabilities, the company says.
3i Supply is headquartered in Midland, Michigan. DI, which is backed by private equity firm Advent International, is based in Houston, Texas. In December 2014, Advent announced plans to add DI to its portfolio with its purchase of the company from PE firms Audax Group LP and CapStreet Group LLC, which jointly-owned the company since 2010.