Installed Building Products Acquires Royals Commercial Services, Inc.
March 2, 2020
Installed Building Products, Inc. (NYSE: IBP) has acquired Royals Commercial Services, Inc., a Millersville, Maryland-based spray foam insulation and thermal barrier installer with approximately $10 million of annual revenue, expanding IBP's commercial presence in the greater Baltimore and mid-Atlantic markets. IBP also completed a separate acquisition of a Chicago-based shower, shelving and mirror installer (approximately $1.1 million revenue).
- Buyers
- Installed Building Products, Inc.
- Targets
- Royals Commercial Services, Inc., Unnamed Chicago-based shower, shelving and mirror installer
- Industry
- Building Products
- Location
- Maryland, United States
- Transaction Type
- Buyout
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