Advent International acquires Distribution International; Audax retains minority stake

Private equity firm Advent International acquired Distribution International, a leading North American distributor/fabricator of mechanical insulation, with existing shareholder Audax Group retaining a minority equity position and board seat. Terms not disclosed.

“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.”

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