Installed Building Products, Inc. Announces Acquisition of Capital Insulation, LLC and CBS & Mirror, LLC, Expanding Presence in Houston Market
Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), a leading installer of insulation and complementary building products in the residential and commercial sectors, today announced the acquisition of Capital Insulation, LLC and CBS & Mirror, LLC (collectively referred to as “Capital”). Based in Houston, Texas, Capital serves single-family, multifamily, and commercial end markets, specializing in new construction projects. The company primarily installs fiberglass and spray foam insulation, catering to builders and developers across the region.
The acquisition of Capital represents another strategic step in IBP’s ongoing expansion strategy. “Capital adds over $12 million of annual revenue to our business, contributing to our existing presence in the greater Houston building product installation market,” said Jeff Edwards, Chairman and Chief Executive Officer of Installed Building Products. “To date in 2024, we have acquired over $100 million of annual revenue. Acquisitions remain a key component of our growth strategy, and we continue to have a strong pipeline of opportunities across multiple geographies, end products, and end markets.”
The addition of Capital further solidifies IBP’s market presence in Texas, a region with strong demand for insulation and building products in residential and commercial construction. Houston’s growing housing market and expanding commercial sector make it a key location for IBP to reinforce its operations. The acquisition aligns with IBP’s goal of enhancing regional coverage while leveraging local expertise to deliver exceptional service to customers in the area.
Capital’s focus on insulation installations, particularly fiberglass and spray foam, complements IBP’s existing portfolio of services and strengthens the Company’s capabilities in meeting the demands of both large-scale residential developments and complex commercial construction projects. The acquisition allows IBP to capture additional market share while benefiting from Capital’s established relationships and reputation for quality work in the Houston area.
Jeff Edwards expressed his enthusiasm for the new addition, stating, “On behalf of everyone at Installed Building Products, I want to welcome Capital onto our team. We look forward to working together to continue delivering value to our customers and driving growth in the Houston market.”
Installed Building Products has established a proven track record of successful acquisitions, focusing on companies that align with its mission to provide high-quality building product installations. The acquisition of Capital follows IBP’s strategy of targeting businesses with strong local market positions, consistent revenue generation, and expertise in complementary service areas.
As IBP continues to expand through acquisitions, the company remains committed to delivering industry-leading solutions, creating growth opportunities, and enhancing shareholder value. The acquisition of Capital underscores IBP’s dedication to strengthening its national footprint while supporting local markets with high-quality, professional installation services.
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 250 branch locations.
