Specialty Products and Insulation ("SPI"), a portfolio company of Dunes Point Capital, LP ("DPC"), has acquired the assets of NewStar Solutions Inc. ("NewStar").
Headquartered in Charlotte, NC, SPI is a value-added distributor 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. SPI currently operates 57 distribution branches and 14 co-located fabrication facilities and sells to over 3,500 contractors in the U.S. and Canada.
DPC was represented by HMB’s Lisa A. Rothstein and Loan K. Tran.