Installed Building Products Inc. (IBP), an installer of insulation and building products, recently acquired Marshall Insulation LLC.
IBP is one of the largest insulation installation companies in the U.S. for residential new construction. It also installs other building products, such as garage doors, gutters, shower doors and closet shelves.
Marshall Insulation provides fiberglass insulation and spray foam insulation services to commercial customers in the Phoenix area.
“We are pleased to announce our second acquisition of the year with trailing 12-month sales of approximately $4 million,” Jeff Edwards, chairman and CEO of IBP, said. “This acquisition not only enhances our exposure to the Phoenix commercial insulation market, but also positions the company to leverage its business to further penetrate one of the largest residential markets in the U.S. We look forward to expanding our services in the Metro Phoenix commercial and residential markets. We have a strong track record of successful acquisitions and are encouraged by our robust pipeline of acquisition opportunities in 2016.”