Advent International acquires Distribution International (Audax retains minority)

PE firm Advent International acquired Distribution International, a North American mechanical insulation distributor; prior owner Audax Group retained a minority stake and board seat. Terms undisclosed.

“Advent International, one of the largest global private equity investors, announced that it has acquired Distribution International Inc. (DI), a leading distributor and fabricator of mechanical insulation and related products in North America. Under the terms of the agreement, existing shareholder Audax Group will retain a minority equity position in the company and remain on the board of directors. Financial terms of the transaction were not disclosed.”

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