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flag Pacific Avenue Capital, with Cameron Ashley, acquired Therm-All on Jan. 6, 2026, to expand its insulation business.

flag An affiliate of Pacific Avenue Capital Partners, alongside Cameron Ashley Building Products, has acquired Therm-All, a Westlake, Ohio-based provider of metal building insulation and related products, from Incline Equity Partners. flag The deal, finalized on January 6, 2026, marks another corporate carve-out for Pacific Avenue, which focuses on middle-market businesses. flag Therm-All operates 13 U.S. locations and serves over 2,000 commercial and industrial customers with energy code-compliant, custom insulation solutions. flag Under new ownership, the company will expand through operational support and enhanced logistics via Cameron Ashley’s nationwide network of over 70 distribution centers. flag Pacific Avenue, with $3.8 billion in assets under management, and Cameron Ashley will prioritize customer relationships and growth in core and emerging product areas. flag BofA Securities, Weil, Gotshal & Manges, and KPMG served as advisors.

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