COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc. (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Anchor Insulation Co., Inc. Established in 1980, Anchor Insulation is headquartered in Pawtucket, Rhode Island and primarily installs residential, mechanical and industrial insulation. Anchor Insulation serves residential, commercial and industrial customers across the Northeast from branches in Rhode Island, Connecticut, and Massachusetts.
“With approximately $39 million of annual revenue, Anchor Insulation expands our presence to residential, commercial and industrial customers across the Northeastern United States,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2023, we have acquired approximately $43 million of annual revenue. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I want to welcome Anchor Insulation onto our team.”
About Installed Building Products
Installed Building Products, Inc. is one of the nation’s largest new residential insulation installers and is 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 manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 230 branch locations.