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Stock impact report

Installed Building Products Announces the Acquisition of Capital Insulation, LLC

Installed Building Products, Inc. (IBP) 
Last installed building products, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Business Wire
Acquisition Adds Over $12 Million of Annual Revenue COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Capital Insulation, LLC and CBS & Mirror, LLC (collectively “Capital”). Capital is located in Houston, Texas and serves the single-family, multifamily, and commercial end markets. Capital focuses on installation opportunities in new construction projects and primarily installs fiberglass and spray foam insulation.“Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building product installation market,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2024, we have acquired over $100 million of annual revenue. Acquisitions remain a key component of our growth strategy, and we continue to have a strong pipeline of opport Show less Read more
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