M&A Deal Summary

Installed Building Products Acquires Combee Insulation

On December 11, 2023, Installed Building Products acquired construction company Combee Insulation

Acquisition Highlights
  • This is Installed Building Products’ 17th transaction in the Construction sector.
  • This is Installed Building Products’ 67th transaction in the United States.
  • This is Installed Building Products’ 6th transaction in Florida.

M&A Deal Summary

Date 2023-12-11
Target Combee Insulation
Sector Construction
Buyer(s) Installed Building Products
Deal Type Add-on Acquisition

Target

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.

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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 67 of 68
Sector (Construction) 17 of 17
Type (Add-on Acquisition) 66 of 67
State (Florida) 6 of 6
Country (United States) 67 of 68
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Air Tight Diagnostic

Lakeland, Florida, United States

Air Tight Diagnostic specializes in blower door and duct leakage testing. It helps builders meet the requirements for air exchanges and duct leakage in the International Energy Conservation Code (IECC). Air Tight Diagnostic is based in Lakeland, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 Insulation Supplies

New Hope, Minnesota, United States

Insulation Supplies is a distributor focused on residential and commercial end-markets, Insulation Supplies sells fiberglass insulation, spray foam insulation, cellulose insulation, and related insulation accessories and machinery. Insulation Supplies was established in 1986 and is headquartered in New Hope, Minnesota.

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