Installed Building Products Acquires Insulation Contractors/Magellan Insulation (Icon)
October 13, 2020
Installed Building Products, Inc. (NYSE: IBP) has acquired Insulation Contractors/Magellan Insulation (known locally as Icon), a Kent, Washington-based installer of insulation, waterproofing and firestopping serving commercial and multi-family customers across Washington and Oregon. Icon brings approximately $26 million of annual revenue and expands IBP's presence in the Pacific Northwest commercial and multi-family markets.
- Buyers
- Installed Building Products, Inc.
- Targets
- Insulation Contractors/Magellan Insulation (Icon)
- Industry
- Building Products
- Location
- Washington, United States
- Transaction Type
- Buyout
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