Installed Building Products, Inc. acquired Denison Glass and Mirror, Inc. and DGM Glass, LLC.
November 31, 2021
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Installed Building Products, Inc. (NYSE:IBP) acquired Denison Glass and Mirror, Inc. and DGM Glass, LLC on November 1, 2021. In a related transaction, Installed Building Products, Inc. (NYSE:IBP) acquired Mr. Insulation Co., Inc. Denison Glass and Mirror, Inc. and DGM Glass reported $20 million annual revenues.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Denison Glass and Mirror, Inc. and DGM Glass, LLC on November 1, 2021. Installed Building Products paid approximately $13.7 million for Denison Glass and Mirror, Inc.
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.