Construction M&A » By The Online Investor Staff, updated Sun., Apr. 11, 7:53 PM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #17 of 100 |
Slide #17. Installed Building Products, Inc. — U.S. Insulation Corp
Acquirer:
Installed Building Products, Inc. (NYSE:IBP)
Acquiree:
U.S. Insulation Corp
Details:
Installed Building Products, Inc. (the "Company" ) (NYSE:IBP), an industry-leading installer of insulation products, announced today that the Company completed the acquisition of U.S. Insulation Corp., a Connecticut-based installer of fiberglass and spray foam insulation and complementary products including gutters and waterproofing. U.S. Insulation Corp. has primarily served the Hartford and Danbury, Connecticut areas through two branches for nine years and has an established and respected market presence, with net revenue of approximately $9 million for its full fiscal year ended December 31, 2013.
Installed Building Products is a holding company. Through its subsidiaries, Co. primarily install insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. Co. provides its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of branch locations. Co. provides a range of insulation materials, including: fiberglass and cellulose insulation, and spray foam insulation.
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Avg. Broker Rec.
 
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Buy (3.43 out of 4) 53rd percentile
(ranked higher than approx. 53% of all stocks covered)
Analysts' Target Price: IBP Stock Forecast Based on Zacks ABR data; powered by Xignite |
