Spray Foam Distributors sold to Specialty Products and Insulation

North Carolina, US – Specialty Products and Insulation (SPI), based in Charlotte, North Carolina, has purchased Spray Foam Distributors of New England and Spray Foam Distributors of Boston (Spray Foam). A privately held business, Spray Foam has been in operation in New Hampshire since 2005, and Boston since 2017. The acquisition was completed on December 30, 2022.
Spray Foam – which distributes spray foam materials and equipment, and makes custom-built spray foam rigs – was advised on the sale by Dallas-based mergers and acquisitions specialist, Generational Equity (GE). The buyer, SPI, is a portfolio company of Pittsburgh-based Incline Equity Partners, and is a distributor and fabricator of mechanical and building insulation products.
GE executive, Rick Buchoz, established the initial relationship with Spray Foam. The deal with SPI was closed by GE executive David Fergusson and a team led by Moses Shmueli with the support of Tristan Keeffe.