Installed Building Products Acquires Insulation Contractors/Magellan Insulation (Icon)

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.