PIC to Distribute Internationally via Audax and CapStreet
September 11, 2014
Distribution International, a portfolio company of Audax Group and The CapStreet Group, has acquired Pacific Insulation Company, a distributor/fabricator of industrial and commercial insulation. PIC also offers refractory, marine and MRO products. The addition expands DI's footprint into four more U.S. states by adding 12 locations. DI has been backed by Audax and CapStreet for a few years now; in May, it issued a one-time special dividend.