Installed Building Products, Inc. acquired Cfi Insulation, Inc. for $14.6 million.
November 21, 2021
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Installed Building Products, Inc. (NYSE:IBP) acquired Cfi Insulation, Inc. on November 22, 2021. Cfi Insulation reported approximately $10 million of annual revenue.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Cfi Insulation, Inc. for $14.6 million on November 22, 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. 
