Installed Building Products Acquires Euroview Enterprises, Contract Mirror and Supply, and CLM Solutions; Adds $20M Annual Revenue; Expands Presence In Illinois And Minnesota With Focus On Residential And Commercial Projects
Portfolio Pulse from Benzinga Newsdesk
Installed Building Products (IBP) has acquired Euroview Enterprises, Contract Mirror and Supply, and CLM Solutions, adding $20 million in annual revenue. This acquisition expands IBP's presence in Illinois and Minnesota, focusing on residential and commercial projects.
July 29, 2024 | 8:36 pm
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Installed Building Products (IBP) has acquired Euroview Enterprises, Contract Mirror and Supply, and CLM Solutions, which will add $20 million in annual revenue and expand IBP's presence in Illinois and Minnesota, focusing on residential and commercial projects.
The acquisition of three companies by IBP will likely have a positive short-term impact on its stock price due to the immediate addition of $20 million in annual revenue and the expansion into new markets in Illinois and Minnesota. This strategic move enhances IBP's market position in both residential and commercial sectors.
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