Installed Building Products, Inc. (IBP) has recently announced the acquisition of Echols Glass & Mirror, Inc. and Vanderkoy Bros, LLC. These acquisitions are expected to add over $16 million of annual revenue to the company. Echols, based in Buford, Georgia, operates a wholesale glass design and fabrication division as well as a retail sales and installation business, catering primarily to residential customers in the southeastern U.S. On the other hand, Vanderkoy, headquartered in Wausau, Wisconsin, focuses on the installation of drywall and metal stud framing across a mix of commercial and residential end markets throughout Wisconsin.
These acquisitions contribute to IBP's strategic expansion, as the company has already acquired approximately $55 million in annual revenue in 2025. Jeff Edwards, Chairman and CEO of IBP, emphasized that acquisitions remain a key component of the company's growth strategy, enabling them to diversify their revenue and cash flows in attractive building product categories, and expand their geographic presence. The focus continues to be on expansion across multiple geographies, products, and end markets. The market has reacted to these announcements by moving the company's shares 0.47% to a price of $240.32. For the full picture, make sure to review Installed Building Products's 8-K report.
