M&A Deal Summary

Installed Building Products Acquires Norkote

On October 26, 2020, Installed Building Products acquired building materials company Norkote

Acquisition Highlights
  • This is Installed Building Products’ 27th transaction in the Building Materials sector.
  • This is Installed Building Products’ 48th transaction in the United States.
  • This is Installed Building Products’ 2nd transaction in Washington.

M&A Deal Summary
Date 2020-10-26
Target Norkote
Sector Building Materials
Buyer(s) Installed Building Products
Deal Type Add-on Acquisition

Target

Norkote

Everett, Washington, United States
Norkote, Inc. is a manufacturer of representative company installs specialty coatings for fire protection, insulation, and acoustics in commercial and industrial applications. Norkote was founded in 1952 and is based in Everett, Washington.

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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 48 of 68
Sector (Building Materials) 27 of 35
Type (Add-on Acquisition) 47 of 67
State (Washington) 2 of 3
Country (United States) 48 of 68
Year (2020) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 Magellan Insulation

Kent, Washington, United States

Magellan Insulation, Inc. provides insulation, waterproofing, and fire-stopping installation services to commercial and multi-family customers throughout Washington and Oregon. Magellan Insulation, Inc. was founded in 1989 and is based in Kent, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Weatherseal Insulation

Charlottesville, Virginia, United States

Weatherseal Insulation Co. LLC provides fiberglass and sprays foam insulation services to residential customers. Weatherseal Insulation Co. LLC was founded in 1989 and is based in Charlottesville, Virginia.

Buy -
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