Installed Building Products Acquires Thrice Energy Solutions, LLC, Gutter Pro Enterprises, Inc.; Financial Terms Of Transactions Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Installed Building Products (IBP) has acquired Thrice Energy Solutions and Gutter Pro Enterprises, adding approximately $14 million in annual revenue. IBP also repurchased $46 million of common stock in June.
June 17, 2024 | 8:16 pm
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Installed Building Products (IBP) has acquired Thrice Energy Solutions and Gutter Pro Enterprises, adding approximately $14 million in annual revenue. Additionally, IBP repurchased $46 million of common stock in June.
The acquisitions will likely boost IBP's revenue by $14 million annually, which is positive for the company's growth prospects. The stock repurchase indicates confidence in the company's financial health and can support the stock price.
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