IBP - Installed Building Products acquires Alert Insulation
Installed Building Products ([[IBP]] -0.7%) acquired California-headquartered Alert Insulation, provider of fiberglass insulation installation, fireproofing services, and acoustical ceiling system installation to commercial customers."With ~$21M of annual revenue, Alert Insulation significantly expands our commercial insulation installation services throughout California," chairman & CEO Jeff Edwards commented.Until date in 2021, the company has acquired $55M+ of annual revenues; it continues to have a robust pipeline of acquisition opportunities across multiple geographies, products, and end markets.
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Installed Building Products acquires Alert Insulation