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 Private Equity Team, led by Corporate Partner, Evan M. Knobloch, Corporate Of Counsel Lisa A. Rothstein and Corporate Associate Loan K. Tran.
Read the full press release by WFMZ-TV here.
Learn more about HMB’s Private Equity practice here.