M&A Deal Summary

Installed Building Products Acquires 1st State Insulation

On March 18, 2019, Installed Building Products acquired construction company 1st State Insulation

Acquisition Highlights
  • This is Installed Building Products’ 4th transaction in the Construction sector.
  • This is Installed Building Products’ 36th transaction in the United States.
  • This is Installed Building Products’ 1st transaction in Delaware.

M&A Deal Summary
Date 2019-03-18
Target 1st State Insulation
Sector Construction
Buyer(s) Installed Building Products
Deal Type Add-on Acquisition

Target

1st State Insulation

Greenwood, Delaware, United States
1st State Insulation LLC provides fiberglass and spray foam insulation installation services primarily for single-family residential customers. 1st State Insulation LLC was founded in 2015 and is based in Greenwood, Delaware.

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Buyer(S) 1

Buyer

Installed Building Products

Columbus, Ohio, United States
Category Company
Founded 1977
Sector Building Materials
Employees10,600
Revenue 2.8B USD (2023)
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 STATS #
Overall 36 of 68
Sector (Construction) 4 of 17
Type (Add-on Acquisition) 36 of 67
State (Delaware) 1 of 1
Country (United States) 36 of 68
Year (2019) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 Carolina Glass & Mirror

Garner, North Carolina, United States

Carolina Glass & Mirror, Inc. installs commercial and residential glass applications with one location in Garner, North Carolina, and serving the greater Raleigh market. Founded in 1993, Carolina Glass has annual revenue of approximately $6.2 million.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Expert Insulation

Rochester, Minnesota, United States

Expert Insulation, Inc. provides spray foam insulation, water proofing, air barriers, masonry fill insulation, fiberglass batt, blown insulation, and retrofit foam services for commercial, residential, and multi-family customers. Expert Insulation, Inc. was founded in 1998 and is based in Rochester, Minnesota.

Buy -
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