IBP - Installed Building Products acquires Montana-based Lynch Insulation

• Installed Building Products ( NYSE: IBP ) said Monday it acquired Surface Purveyors , doing business as Lynch Insulation.
• Terms were not disclosed.
• Lynch - which has locations in Montana - primarily installs fiberglass and spray foam insulation into residential and commercial projects in the state.
• "With ~$5M of annual revenue, Lynch expands our presence in Montana. To date in 2022, we acquired ~$78M of annual revenue," said Installed Building ( IBP ) CEO Jeff Edwards.

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