IBP Expands with Acquisition of Insulation Supplies

By Bobby Samwell • Tuesday, October 08 15:23 • Permanent Link

Installed Building Products, Inc. (IBP) has just announced the acquisition of Wholesale Insulation Supply, Inc. (Insulation Supplies), a company that generates over $22 million of annual revenue throughout Minnesota and the upper Midwest. This acquisition is part of IBP's strategy to expand its geographic presence and efficiently meet the needs of insulation customers in the region.

Insulation Supplies, established in 1986, is a specialty distributor focused on residential and commercial end-markets, selling fiberglass insulation, spray foam insulation, cellulose insulation, and related insulation accessories and machinery.

This latest acquisition brings IBP's total annual revenue from acquisitions in 2024 to over $73 million. Jeff Edwards, Chairman and Chief Executive Officer of IBP, emphasized the significance of acquisitions as a key component of the company's growth strategy.

The acquisition of Insulation Supplies reflects IBP's commitment to strategic expansion and enhancing its capabilities to serve customers in different geographies and end markets. Following these announcements, the company's shares moved 2.2%, and are now trading at a price of $242.23. Check out the company's full 8-K submission here.

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