M&A Deal Summary

Installed Building Products Acquires Therm-Con

On August 19, 2019, Installed Building Products acquired construction company Therm-Con

Acquisition Highlights
  • This is Installed Building Products’ 6th transaction in the Construction sector.
  • This is Installed Building Products’ 38th transaction in the United States.
  • This is Installed Building Products’ 2nd transaction in Tennessee.

M&A Deal Summary

Date 2019-08-19
Target Therm-Con
Sector Construction
Buyer(s) Installed Building Products
Deal Type Add-on Acquisition

Target

Therm-Con

Chattanooga, Tennessee, United States
Therm-Con LLC provides residential construction subcontracting services to local homeowners, home builders and home remodelers. Therm-Con LLC was founded in 2005 and is based in Chattanooga, Tennessee.

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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 38 of 68
Sector (Construction) 6 of 17
Type (Add-on Acquisition) 38 of 67
State (Tennessee) 2 of 3
Country (United States) 38 of 68
Year (2019) 3 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Northeast Spray Insulation

Westbrook, Maine, United States

Northeast Spray Insulation, Inc. is a provider of spray foam, fiberglass, and cellulose insulation installation services, as well as thermal barrier services for residential single- and multi-family customers throughout Maine and New Hampshire.

Buy -