Installed Building Products Acquires Tri-County Insulation and Acoustical Contractors
May 23, 2022
Installed Building Products, Inc. (NYSE: IBP) has acquired Statewide Insulation, Inc., doing business as Tri-County Insulation and Acoustical Contractors, a California-based installer of fiberglass, spray foam and acoustical ceiling insulation. The acquisition (about $14 million of annual revenue) expands IBP's presence in California and adds three local locations in Santa Clara, Santa Cruz and Santa Maria.
- Buyers
- Installed Building Products, Inc.
- Targets
- Tri-County Insulation and Acoustical Contractors (Statewide Insulation, Inc.)
- Industry
- Building Products
- Location
- California, United States
- Transaction Type
- Buyout
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