COLUMBUS, Ohio — Installed Building Products, Inc. a leading installer of insulation and complementary building products, announced today the acquisition of Capital Insulation, LLC and CBS & Mirror, LLC (collectively "Capital"). Based in Houston, Texas, Capital serves the single-family, multifamily, and commercial markets, specializing in fiberglass and spray foam insulation for new construction projects.

“Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building product installation market,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2024, we have acquired over $100 million of annual revenue. Acquisitions remain a key component of our growth strategy, and we continue to have a strong pipeline of opportunities across multiple geographies, end products, and end markets. On behalf of everyone at Installed Building Products, I want to welcome Capital onto our team.”

Forward-Looking Statements

‍This press release contains forward-looking statements under federal securities laws, including projections about the housing and commercial markets, financial expectations, product offerings, expansion, acquisitions, and other future developments. These statements involve risks and uncertainties and may differ materially from actual results due to various factors. For more information, please refer to the “Risk Factors” section in IBP’s 2023 Annual Report.

About Installed Building Products

‍Installed Building Products, Inc. is one of the nation’s largest residential insulation installers and a diversified installer of complementary building products. Serving both residential and commercial sectors, the company operates nationwide with over 250 branch locations, providing a broad range of services including insulation, waterproofing, fireproofing, and more.