Installed Building Products Acquires CFI Insulation, Inc.
November 22, 2021
Installed Building Products, Inc. (NYSE: IBP) acquired CFI Insulation, Inc., a Knoxville, Tennessee-based installer of fiberglass and spray foam insulation. The acquisition (CFI reported ~ $10 million of annual revenue) expands IBP’s footprint in Tennessee and its presence in residential, multifamily and commercial construction end markets.
- Targets
- CFI Insulation, Inc.
- Industry
- Building Products
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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