Add-on Acquisition • Building Materials

Installed Building Products Acquires Anchor Insulation

On March 13, 2023, Installed Building Products acquired building materials company Anchor Insulation

Acquisition Context
  • This is Installed Building Products’ 35th transaction in the Building Materials sector.
  • This is Installed Building Products’ 65th transaction in the United States.
  • This is Installed Building Products’ 1st transaction in Rhode Island.

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M&A Deal Summary

Date March 13, 2023
Target Anchor Insulation
Sector Building Materials
Buyer(s) Installed Building Products
Deal Type Add-on Acquisition

Target Company

Anchor Insulation

Pawtucket, Rhode Island, United States
Anchor Insulation installs residential, mechanical, and industrial insulation. Anchor Insulation serves residential, commercial and industrial customers across the Northeast from branches in Rhode Island, Connecticut, and Massachusetts. Anchor Insulation was founded in 1980 and is based in Pawtucket, Rhode Island.
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Buyer Overview 1

Buyer

Installed Building Products

Columbus, Ohio, United States

Category Company
Founded 1977
Sector Building Materials
Employees10,800
Revenue 2.9B USD (2024)
DESCRIPTION

Installed Building Products is a manufacture, sale, and installation of building products for the commercial building industry. IBP provides insulations, shower doors, mirrors, shelving, waterproofing, gutters, garage doors, and fireplaces. Installed Building Products was founded in 1977 and is based in Columbus, Ohio.


Deal Context for Buyer #
Overall 65 of 72
Sector: Building Materials 35 of 36
Type: Add-on Acquisition 64 of 71
State: Rhode Island 1 of 1
Country: United States 65 of 72
Year: 2023 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 Orr Industries

Dickson City, Pennsylvania, United States

Orr Industries primarily installs spray foam and fiberglass insulation in residential and commercial projects and offers fireproofing and waterproofing services for commercial structures as well. Orr Industries was formed in 2012 and is based in Dickson City, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Combee Insulation

Lakeland, Florida, United States

Combee Insulation installs a diverse mix of building products including, fiberglass insulation, spray foam insulation, and garage doors, primarily into new residential construction projects throughout the greater Central Florida area. Combee Insulation was formed in 1970 and is based in Lakeland, Florida.

Buy -