M&A Deal Summary

Specialty Products & Insulation Acquires NewStar Solutions

On June 25, 2021, Specialty Products & Insulation acquired distribution company NewStar Solutions

Acquisition Highlights
  • This is Specialty Products & Insulation’s 1st transaction in the Distribution sector.
  • This is Specialty Products & Insulation’s 1st transaction in Canada.
  • This is Specialty Products & Insulation’s 1st transaction in Alberta.

M&A Deal Summary

Date 2021-06-25
Target NewStar Solutions
Sector Distribution
Buyer(s) Specialty Products & Insulation
Deal Type Add-on Acquisition

Target

NewStar Solutions

Beaumont, Alberta, Canada
NewStar Solutions is a distributor of aerogel insulation products for commercial and industrial end markets. NewStar Solutions is based in Beaumont, Alberta.

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Buyer(S) 1

Buyer

Specialty Products & Insulation

Charlotte, North Carolina, United States

Category Company
Founded 1982
Sector Distribution
DESCRIPTION

Specialty Products & Insulation is a value-added distributor and fabricator of insulation and complementary products for the commercial, industrial and residential markets. SPI's products help conserve energy, preserve worker safety, and provide noise abatement. Specialty Products & Insulation was founded in 1982 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 6
Sector (Distribution) 1 of 4
Type (Add-on Acquisition) 1 of 6
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-23 Thermaxx

West Haven, Connecticut, United States

Thermaxx is a designer, manufacturer, and installer of removable insulation covers for commercial end markets. Thermaxx's patented energy savings sensors and mechanical insulation asset management system is being used by hundreds of facilities, throughout the United States, to save energy, reduce operating cost, and make the workplace safer. Thermaxx is based in West Haven, Connecticut.

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