Advent International to fund Morsco's Fortiline acquisition with new equity

Morsco is a portfolio company of PE firm Advent International, which will make a significant new equity investment to support the Fortiline acquisition; Morsco has expanded coast-to-coast through acquisitions since acquiring Morrison Supply in 2011.

“Morsco, a portfolio company of global private equity firm Advent International, is one of the fastest growing distribution companies in the industry with 140+ branch locations, more than $1 billion in sales, and over 2,000 associates in 12 states. Advent will make a significant new equity investment to support the acquisition.”

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