Dunes Point Capital, LP Announces the Acquisition of Specialty Products and Insulation

RYE, N.Y., Nov. 2, 2018 /PRNewswire/ -- Dunes Point Capital, LP has acquired Specialty Products and Insulation ("SPI" or the "Company"), a value added distributer and fabricator of mechanical insulation and complementary products for commercial and industrial applications (the "Transaction"). SPI's products help conserve energy, preserve worker safety, and provide noise abatement. The Company is a divisional carve-out from Foundation Building Materials, Inc. FBM. The Company was founded in 1981 and currently operates 53 distribution branches and 13 co-located fabrication facilities and sells over 30,000 SKUs to contractors in the U.S. and Canada. 

Dunes Point Capital Fund II, LP provided the controlling equity for the Transaction.  The debt for the Transaction was provided by Twin Brook Capital Partners and Churchill Asset Management.

Kirkland & Ellis LLP served as legal advisor to DPC, Alvarez & Marsal Transaction Advisory Group, LLC served as financial advisor to DPC.  Piper Jaffray & Co. served as financial advisor to Foundation Building Materials, Inc.

About DPC:  Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial sector. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Specialty Products and Insulation: Founded in 1981, the Company is a value added distributer and fabricator of mechanical insulation and complementary products for commercial and industrial applications. SPI's products help conserve energy, preserve worker safety, and provide noise abatement. The Company currently operates 53 distribution branches and 13 co-located fabrication facilities and sells over 30,000 SKUs to contractors in the U.S. and Canada. For more information, please visit www.spi-co.com.

SOURCE Dunes Point Capital, LP