Public Company Industrial Services

SPI

Charlotte, North Carolina, United States

SPI is a global leader in the distribution and specialty fabrication of insulation products for thermal, acoustic, fire protection and refractory applications, serving commercial, industrial, marine and OEM markets.

Focus Areas
Insulation distribution, Specialty fabrication of insulation products, Thermal/acoustic/fire protection insulation
Website
www.spi-co.com

Tracked deals

10

10 tracked deals across 2021-2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

10 addon

SPI Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for SPI. 5 2021 1 2022 2 2023 2 2024

Supporting Data

Recent Transactions

  • Buyer
    Specialty Products & Insulation (SPI), Incline Equity Partners
    Target
    Florida Spray Foam
    Type
    Addon

    Specialty Products & Insulation (SPI), a portfolio company of Incline Equity Partners, has acquired Florida Spray Foam to expand its spray foam and insulation distribution presence in Central and South Florida. The add-on acquisition will leverage SPI's technology and operations capabilities to drive operational improvements and broaden product availability for FSF's customers and suppliers.

  • Buyer
    Specialty Products & Insulation (SPI), Incline Equity Partners
    Target
    EnerFlex Insulation
    Type
    Addon

    Specialty Products & Insulation (SPI), a portfolio company of Incline Equity Partners, has acquired EnerFlex Insulation, a Baytown, Texas manufacturer of removable insulation jackets and covers. The add-on expands SPI’s product offering into the industrial removable insulation space and is expected to create growth opportunities for EnerFlex’s employees and leadership; financial terms were not disclosed.

  • Buyer
    Specialty Products & Insulation (SPI), Incline Equity Partners
    Target
    Foam Direct
    Seller
    Mark Keddle (owner of Foam Direct)
    Location
    United States
    Type
    Addon

    Specialty Products & Insulation (SPI), a portfolio company of Incline Equity Partners, has acquired Foam Direct to expand SPI's presence in the spray foam market. Blue River Financial Group advised SPI on the transaction; Foam Direct's owner Mark Keddle will join the SPI team as part of the integration.

  • Buyer
    Specialty Products and Insulation, Incline Equity Partners
    Target
    Spray Foam Distributors of New England, Inc., Spray Foam Distributors of Boston, LLC
    Type
    Addon

    Specialty Products and Insulation (SPI), a portfolio company of Incline Equity Partners, acquired Spray Foam Distributors of New England, Inc. and Spray Foam Distributors of Boston, LLC. The add-on acquisition closed on December 30, 2022 and expands SPI's distribution footprint and insulation product/service capabilities in the Northeastern United States.

  • Buyer
    Specialty Products & Insulation (SPI)
    Target
    Intech Equipment and Supply
    Location
    United States
    Type
    Addon

    Specialty Products & Insulation (SPI), a portfolio company of Incline Equity Partners, acquired Intech Equipment and Supply. The acquisition is intended to give SPI a platform to expand more broadly into the spray foam market.

  • Buyer
    Specialty Products and Insulation, Dunes Point Capital, LP
    Target
    Amerisafe, Inc.
    Type
    Addon

    Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, has acquired Amerisafe, Inc., a distributor of commercial and industrial insulation and safety equipment based in Aurora, Illinois. The deal is an add-on acquisition that expands SPI's distribution footprint and product offering in the commercial, industrial and residential building markets.

  • Buyer
    Specialty Products and Insulation (SPI), Dunes Point Capital, LP
    Target
    Burnham Insulation Sales, Inc.
    Type
    Addon

    Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, has acquired Burnham Insulation Sales, Inc., a Pittsburgh-based distributor of mechanical insulation serving commercial and industrial end markets. The transaction expands SPI’s branch network and product distribution capabilities in the U.S.; Dunes Point Capital is the family office investor backing SPI.

  • Buyer
    Specialty Products and Insulation, Dunes Point Capital, LP
    Target
    Thermaxx, LLC
    Type
    Addon

    Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital (DPC), has acquired Thermaxx, LLC, a West Haven, Connecticut-based designer, manufacturer and installer of removable insulation covers. Thermaxx's patented energy-savings sensors and mechanical insulation asset management system will expand SPI's insulation product and service capabilities across commercial and industrial facilities in the United States.

  • Buyer
    Specialty Products and Insulation (SPI), Dunes Point Capital, LP
    Target
    NewStar Solutions Inc.
    Location
    Alberta, Canada
    Type
    Addon

    Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, LP (DPC), has acquired NewStar Solutions Inc., a distributor of aerogel insulation products based in Alberta, Canada. The acquisition is an add-on to SPI’s insulation distribution platform and expands its product offering and presence in the Canadian commercial and industrial insulation markets.

  • Buyer
    Specialty Products and Insulation (SPI), Dunes Point Capital, LP (DPC)
    Target
    Rocky Mountain Construction Wholesale, LLC (RMCW)
    Type
    Addon

    Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital, has acquired Rocky Mountain Construction Wholesale, LLC (RMCW), a Denver-based distributor of building insulation for commercial, residential and metal buildings. The acquisition expands SPI's distribution footprint and product reach in the Mountain West region; SPI is a Charlotte-headquartered value-added distributor and fabricator of mechanical insulation and related products.

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