Installed Building Products Reveals Acquisition Of Wholesale Insulation Supply, Inc. Doing Business As Insulation Supplies; No Terms Disclosed; Deal Adds Over $22M Of Annual Revenue
Portfolio Pulse from Benzinga Newsdesk
Installed Building Products has acquired Wholesale Insulation Supply, Inc., also known as Insulation Supplies, which adds over $22 million in annual revenue. The acquisition expands IBP's presence in the residential and commercial insulation markets in Minnesota and the upper Midwest.
October 07, 2024 | 8:19 pm
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Installed Building Products has acquired Insulation Supplies, enhancing its market presence and adding over $22 million in annual revenue. This strategic acquisition could positively impact IBP's financial performance and market reach.
The acquisition of Insulation Supplies by Installed Building Products is significant as it adds over $22 million in annual revenue and strengthens IBP's market position in the residential and commercial insulation sectors. This is likely to have a positive short-term impact on IBP's stock price due to the increased revenue and market expansion.
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