COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of Alert Insulation. Founded in 1992, Alert Insulation is headquartered in La Puente, California and primarily provides fiberglass insulation installation, fireproofing services, and acoustical ceiling system installation to commercial customers.
“With approximately $21 million of annual revenue, Alert Insulation significantly expands our commercial insulation installation services throughout California,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2021, we have acquired over $55 million of annual revenues. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I would like to welcome Alert Insulation onto our team.”
About Installed Building Products
Installed Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located…