April 22, 2015: Installed Building Products Acquires Southeast Insulation Installer
Company Deepens Presence in Southeast, Gains Platform to Pursue Additional Multifamily Projects
COLUMBUS, Ohio — Installed Building Products Inc., a leading installer of insulation and complementary building products, has announced the acquisition of C.Q. Insulation Inc., based in Tampa, Florida.
CQ Insulation is primarily an installer of fiberglass and cellulose insulation, with a 12 year operating history serving the Florida market through its two branch locations in Tampa and Orlando. It primarily focuses on the new multifamily residential and commercial end markets. CQ Insulation’s sales for the full year ended Dec. 31, 2014 were approximately $6.9 million.
“We are excited to announce the addition of CQ Insulation to our company as we continue to expand our national footprint,” said Jeff Edwards, chairman and chief executive officer of Installed Building Products. “The addition of these two established branch locations deepens our presence in the Southeast and provides us with an attractive platform to pursue additional multifamily projects in our markets. As we move forward in 2015, we continue to see excellent acquisition opportunities in our target markets and we are well situated to further execute on our growth strategy.”
For more information, visit www.installedbuildingproducts.com.
Publication date: 4/20/2015