August 2014. Allstate Insulation Corporation, Allstate Insulation, LLC, State Insulation Corporation, and State Laminating Corporation, have completed the sale of its businesses to Distribution International, Inc., a portfolio company of Audax Private Equity.
Headquartered in Perth Amboy, NJ with additional locations in New York and Pennsylvania, the Allstate Companies are stocking distributors of mechanical insulation and HVAC products serving customers in New York, New Jersey, Connecticut and Pennsylvania. The Allstate Companies are second-generation family-owned businesses led by George Lionikis, Jr.
Distribution International, Inc. is a leading value added distributor of insulation, related specialty fabricated products, and safety supplies. The company serves industrial, commercial and marine customers from its distribution centers across the country.
“The Peakstone team was invaluable to the sale process. They developed and executed a successful exit strategy and led every aspect of the process. The team was incredibly thoughtful and persistent in their efforts in managing a highly complex transaction involving multiple operating companies, labor union considerations as well as environmental liability issues to a successful transaction close. My family and I were very pleased with the outcome that was delivered,” said George Lionikis Jr., owner and President of The Allstate Companies.
The Peakstone Group served as exclusive financial advisor to The Allstate Companies in connection with this transaction. Terms of the transaction were not disclosed.
For additional information please contact:
Jeff Temple, Managing Director, 312-346-7301, email@example.com
Alex Fridman, Managing Partner, 312-346-7303, firstname.lastname@example.org
About The Peakstone Group
Peakstone is an investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. The Peakstone team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. Please visit our website, peakstone.com.