Industry: Industrial insulation distributor
Acquisition Date: 2010
Status: Sold in 2014 to a financial sponsor
CapStreet originally invested in Thorpe Holdings (“Thorpe”), which consisted of an insulation distribution business and a refractory services business. We successfully spun out the refractory business from the insulation distribution business to maximize operating efficiency, and then merged Thorpe’s insulation distribution business with major competitor, Distribution International. The result was the the company became the leading distributor of insulation, related specialty fabricated products, and accessory supplies in North America.
CapStreet Value Creation
Improved sourcing and implemented strategic pricing, driving significant margin expansion
Case studies have been included for illustrative purposes only and have been selected in order to provide examples of the types of investments previously made by The CapStreet Group and do not purport to be a complete list of investments. A complete list of prior investments made by The CapStreet Group is available upon request.