Installed Building Products, Inc. (NYSE : IBP) acquired AMD Distribution, Inc.
December 12, 2021
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Installed Building Products, Inc. (NYSE : IBP) acquired AMD Distribution, Inc. for approximately $130 million on December 13, 2021. AMD is generating approximately $71 million of annual revenue. The company said it expects the acquisition will be immediately accretive to earnings.
Installed Building Products, Inc. (NYSE : IBP) completed the acquisition of AMD Distribution, Inc. on December 13, 2021.
Installed Building Products, Inc. is a residential insulation installer and a diversified installer of complementary building products, including 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. The Company has three segments. Installation segment is engaged in the installation of various products in the residential new construction, repair and remodel and commercial construction end markets from its national network of branch locations. Distribution segment sells insulation, gutters and accessories primarily to installers of these products who operate in multiple end markets. Manufacturing segment consists of its cellulose insulation manufacturing operations. It offers a portfolio of services from a national network of 250 branch locations serving all 48 continental states and the District of Columbia.
INSTALLED BUILDING PRODUCTS, INC. 
