COMPANY HISTORY

CompanyHistoryAsset

SPI has a rich history, founded with the belief that providing quality insulation solutions is the cornerstone of what we do. We have grown and changed through the years, but we remain committed to this key ideal.

1982SPI is founded by Al Stoycos and the Mechanical Insulation operations were launched.

1985SPI acquires Insulfab, Inc.

1987SPI introduces Architectural product line.

1989SPI acquires Tri-State Ceiling and Berger Architectural Sales.

1990SPI acquires I.S.D., Inc.

1991SPI acquires Boatwright Insulation Company, Inc. and Harry Rich Affiliates, Inc.

1992SPI acquires Kigar Supply, Inc.

1993SPI acquires The E. J. Bartells, Co.

1994SPI acquires Plastic Ceilings Supply, Inc. and Ellington Insulation Company, Inc.

1996SPI acquires Insulation Distributors, Inc. and Interior Specialties, Inc.

1997SPI acquires Richlar Industries, Construction Systems, and RE Kramig.

1998SPI spins off from IREX and acquires Extol of Texas, Presnell Insulation, Paragon Pacific, Chempower, and ASCO. Ron King is named CEO.

1999SPI acquires Architectural and Interior Distributors (A&I), Pamrod Products, EIC Contracting & Distribution, Abacus, International Technifab, Goodwin Insulation, House of Ladders, and Thermal Insulation, Inc.

2000SPI acquires Alpha Sales & Contracting.

2001SPI acquires North Bros. Distribution.

2003SPI acquires Specialized Building Systems, Inc. and Asbestos Free Materials, Co. Inc.

2004Bob Rayner is named CEO.

2005SPI acquires Proven Products, Inc.

2007SPI acquires Acoustical Supplies, Inc. (ASI).

2009SPI is sold to Superior Plus. Paul Vanderburg is named CEO.

2014Mike Farrell is named CEO.

2016SPI is sold to Foundation Building Materials. Ruben Mendoza is named CEO.

2017SPI acquires Trident and Performance Foam Fabricators.

2018SPI is sold to Dunes Point Capital. Jon Perry is named CEO.

2021SPI acquires Bigham Insulation Supply, GLT, NewStar, Rocky Mountain Construction Wholesale, Thermaxx Jackets, Amerisafe, and Burnham Insulation. SPI invests in infrastructure and digital platforms to serve the customer how, when, and where they want to be served. SPI is sold to Incline Equity Partners.

2022SPI acquires Therm-All.