Auburndale, FL, November 16, 2022 – Fi-Foil Company (“Fi-Foil”), a portfolio company of Validor Capital, and a highly-specialized manufacturer of reflective insulation and radiant barriers is pleased to announce it has acquired Kennedy Insulation Group, significantly expanding its reflective insulation product line.
Kennedy Insulation Group (“Kennedy”), based in Carthage, MO, was established in 2008 by Rick and Chris Kennedy. The company’s exclusive VerSolaTM brand is a multi-layer reflective bubble insulation product. Kennedy manufactures and distributes throughout the southwestern and southeastern United States. The VerSolaTM product is especially noted for its use and performance in metal and post frame building applications.
Bill Lippy, CEO at Fi-Foil stated “We couldn’t have found a better fit for Fi-Foil than Kennedy. Rick has built a great business that is highly complementary to the existing Fi-Foil product line. We feel the combined capabilities of the two companies and their respective teams will enable us to serve our customers more effectively with an expanded U.S. manufactured product line and geographic sales coverage."
The easy one-pass installation makes the job quicker for contractors. Overall, depending on your insulation type, the system reduces thermal bridging by allowing for continuous insulation in both retrofits and new construction. That means building owners will see lower utility costs and increased energy savings.
The transaction closed on October 28, 2022. Terms of the transaction were not disclosed.
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About Fi-Foil Company
A leader in the industry, Fi-Foil is a manufacturer and distributor of high-performance reflective insulation products and systems. Fi-Foil offers an extensive line of cost-effective solutions to improve energy efficiency and comfort in residential, commercial, agricultural, and institutional buildings. Products are ASTM tested and backed by third-party verified code compliance. Fi-Foil is committed to sustainability and the advancement of green building technologies for more efficient, resilient buildings. Service. Integrity. Innovation. Since 1983. For more information visit www.fifoil.com.
About Validor Capital
Validor Capital is a private investment firm that provides liquidity to family and founder owned industrial, manufacturing, and service businesses in the lower middle market. We seek situations where we can partner with management teams to leverage our combined expertise and deep industry relationships to create significant value. For more information, please visit www.validorcap.com.