Private equity firm Pacific Avenue Capital Partners has announced its acquisition of Therm-All, a leading manufacturer and distributor of metal building insulation systems. This acquisition, which also involves Cameron Ashley Building Products, comes from Incline Equity Partners and aligns with Pacific Avenue’s strategy to invest in robust companies poised for growth.
Founded in 1981 and headquartered in Westlake, Ohio, Therm-All specializes in fabricating and distributing insulation products for commercial and industrial customers. The company operates across 13 locations in the United States, providing a diverse range of offerings, including custom fiberglass and rigid insulation systems, reflective insulation, as well as door and window systems.
Strengthening Customer Relationships and Growth Initiatives
Under the new ownership of Pacific Avenue and Cameron Ashley, Therm-All plans to enhance its customer relationships while executing growth initiatives focused on both core and emerging product categories. Dennis Kaczmarek, the chief executive of Therm-All, expressed optimism about the partnership, stating, “We look forward to partnering with Pacific Avenue to drive the next phase of Therm-All’s growth. We believe Pacific will be a great partner given their depth of experience in the building products industry and their emphasis on supporting customer-first initiatives.”
This acquisition is part of Pacific Avenue’s broader investment strategy, which emphasizes collaborating with strong businesses to unlock their full potential. The firm currently manages approximately $3.8 billion in assets as of September 30, 2025. Chris Sznewajs, founder and managing partner of Pacific Avenue, remarked, “This investment reflects our focus on partnering with strong businesses to help them reach their full potential. I am confident that, in conjunction with Cameron Ashley, by working closely with the management team, we can drive long-term value.”
A Look at Cameron Ashley Building Products
Cameron Ashley Building Products, based in South Carolina, is known for its extensive distribution network of interior and exterior building products, including insulation, roofing, and siding. The company has established a direct-from-manufacturer business model that serves over 10,000 customer locations in the lumber and building materials sector across the United States.
The acquisition of Therm-All is expected to enhance Cameron Ashley’s product offerings and improve service delivery in the insulation market, further solidifying its position in the industry. This strategic move highlights the importance of partnerships among leading companies in the building products sector.
The acquisition of Therm-All represents a significant milestone for Pacific Avenue Capital Partners as it continues to expand its portfolio with quality investments. The collaboration with both Therm-All and Cameron Ashley is set to create new opportunities for growth and innovation in the metal building insulation market.
