Installed Building (IBP) Expands Presence With Two Acquisitions
IBPIBP(IBP) ZACKS·2024-06-18 22:55

Installed Building Products, Inc. (IBP) acquired Thrice Energy Solutions, LLC (Thrice) and Gutter Pro Enterprises, Inc (Gutter Pro). These acquisitions are expected to add approximately $14 million in annual revenues. IBP repurchased $46 million of common stock in June under its existing repurchase program.Thrice Energy Solutions is based in Oklahoma City, OK, and operates in Oklahoma and Texas, focusing on residential and commercial fiberglass and spray foam insulation. This marks IBP's first branch in one ...