Installed Building Products (IBP) Announces Acquisition of Alpine Construction Services

April 19, 2021 4:15 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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 Alpine Construction Services, LLC (“Alpine”). Founded in 2015, Alpine is headquartered in Colorado Springs and primarily provides fiberglass and spray foam insulation installation services to residential and multifamily customers.

“With approximately $9.4 million of annual revenue, Alpine is a fast-growing installer that expands our residential and multifamily insulation installation services to the compelling Colorado Springs market,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2021, we have acquired approximately $65 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 Alpine Construction onto our team.”

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Earnings, Definitive Agreement