SEI Group acquires Panhandle Building Materials and EnergyPro Insulation to expand footprint
SEI Group LLC, a prominent installer of insulation and specialty building products, has officially announced the acquisition of Panhandle Building Materials, Inc. and EnergyPro Insulation, Inc. The financial terms of these deals have not been disclosed.
Panhandle Building Materials, established in 2018, operates primarily in the Pensacola, FL area, servicing the residential new construction market. The company specializes in a range of products including fiberglass insulation, spray foam insulation, garage doors, hurricane shutters, and after-paint products such as shelving, mirrors, and shower doors.
EnergyPro Insulation, founded in 2013 and based in Grand Junction, CO, caters to single family and multi-family homebuilders across western Colorado. Their product offerings include fiberglass building insulation, fiberglass blowing wool, spray foam, and cellulose.
Mark Moore, President of SEI, expressed enthusiasm about the acquisitions: “We are excited to add Panhandle Building Materials and EnergyPro Insulation to our growing family of companies. The completion of these transactions reflects our continued success in the execution of our growth strategies. On behalf of all of us at SEI, I am pleased to welcome everyone at Panhandle and Energy Pro to our team.”
Since its recapitalization with Quad-C Management in February 2021, SEI Group has expanded significantly. The company has acquired a total of 13 businesses, broadening its reach to include 40 branches across 12 states in many of the fastest-growing markets in the United States.
The integration of Panhandle and EnergyPro into SEI’s portfolio not only enhances SEI’s product offerings but also solidifies its presence in strategic markets. This move is aligned with SEI’s overarching strategy to enhance its market share and service offerings in the competitive insulation and building products sector.
The acquisitions of Panhandle Building Materials and EnergyPro Insulation are strategic moves for SEI Group, helping them to strengthen their market position and expand their service offerings in key growth areas. The building products industry, particularly in regions like Florida and Colorado, is expected to see significant growth due to ongoing new construction and renovation projects. SEI’s focus on acquiring companies with a strong regional presence suggests a calculated approach to cementing its leadership in the market.