Installed Building Products, Inc. acquired ABS Insulating Company, Inc. and ABS Coastal Insulating Company, Inc. for $23.6 million.
December 18, 2022
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Installed Building Products, Inc. (NYSE:IBP) acquired ABS Insulating Company, Inc. and ABS Coastal Insulating Company, Inc. for $23.6 million on December 19, 2022. IBP paid $23.2 million of cash and $0.412 million of Seller Obligations.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of ABS Insulating Company, Inc. and ABS Coastal Insulating Company, Inc. on December 19, 2022.
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. 
