First Capital Partners, Lightspring Capital and Tyrian Capital Back Acquisitions of Champion Insulation and Modern Insulation

KLH Capital Recapitalizes Insulations, Inc.

August 1, 2020

Industrial Services

KLH Capital has completed a recapitalization of Insulations, Inc., partnering with founder and CEO David Branton and the company’s management team. Headquartered in New Orleans with 1,100+ employees and branches across the Gulf Coast, Insulations is an industrial contractor providing insulation, fireproofing, heat tracing, painting/coating, refractory, scaffolding and abatement services to LNG, refining, chemical, power and other industrial customers.

Installed Building Products Acquires Capital Insulation, LLC (and CBS & Mirror, LLC)

December 16, 2024

Building Products

Installed Building Products, Inc. (NYSE: IBP) acquired Capital Insulation, LLC and CBS & Mirror, LLC (collectively “Capital”), adding over $12 million of annual revenue and expanding IBP’s presence in the greater Houston market. Capital, based in Houston, Texas, installs fiberglass and spray foam insulation across single-family, multifamily, and commercial new-construction projects.

Crown Capital Investments Acquires Climashield

December 22, 2021

Manufacturing

Crown Capital Investments, an Atlanta-based private equity firm, has acquired Climashield, a Clinton, Tennessee-headquartered manufacturer of continuous filament insulation used by military and premium outdoor recreation brands. The acquisition adds a specialty insulation manufacturer to Crown Capital’s industrial and specialty manufacturing portfolio and creates synergy with existing portfolio company Graniteville Specialty Fabrics.

Incline Equity Partners Invests in Specialty Products & Insulation (SPI)

January 6, 2022

Building Products

Pittsburgh-based private equity firm Incline Equity Partners has made an investment in Specialty Products and Insulation (SPI), a Charlotte-headquartered value-added distributor and fabricator of insulation products. Incline will support SPI’s growth plan — including accelerated M&A, greenfield expansion and investments in systems and operations — to expand capabilities and geographic reach.

Woodlawn Partners and Lightspring Capital Acquire Controlling Interest in Active Roofing Company

April 14, 2022

Construction

Woodlawn Partners and Lightspring Capital Partners acquired a controlling interest in Active Roofing Company; Active Roofing management will retain a meaningful ownership stake. Prairie Capital Advisors served as exclusive financial advisor to Active Roofing; terms were not disclosed. The transaction is positioned to support ownership transition and growth opportunities for the roofing contractor.

Incline Equity Partners Acquires Specialty Products and Insulation (SPI) from Dunes Point Capital

December 22, 2021

Building Products

Incline Equity Partners has acquired Specialty Products and Insulation (SPI), a Charlotte-based value-added distributor and fabricator of insulation and complementary products, from Dunes Point Capital, LP. SPI operates 59 distribution branches and 16 fabrication facilities serving commercial, industrial and residential markets across the U.S. and Canada and will expand Incline's footprint in building-products distribution and specialty fabrication.