Installed Building Products Announces the Acquisition of Trademark Roofing and Gutters
September 04 2018 - 4:15PM
Business Wire
– Expands Presence in Compelling Raleigh,
North Carolina Market
– Acquisition Adds Approximately $9.0
Million of Trailing Twelve-Month Revenue
Installed Building Products, Inc. (the “Company” or “IBP”)
(NYSE: IBP), an industry-leading installer of insulation and
complementary building products, announced today the acquisition of
Trademark Roofing and Gutters (“Trademark”). Founded in 1996,
Trademark has two locations in the Raleigh, North Carolina market.
Trademark provides roofing and gutter installation services
primarily to the new residential construction market and has annual
revenue of approximately $9.0 million.
“We are extremely excited to announce our first acquisition in
the roofing installation end market. This is part of our
longstanding strategy to add complementary installation services
that expands our end markets and deepens our relationship with
builders. Raleigh is a great market for IBP to expand into roofing,
as we now offer local builders installation services including
insulation, blinds, garage doors, gutters and roofing. So far this
year we have closed eight acquisitions representing approximately
$52.0 million of acquired revenues. Acquisitions remain a key
component of our growth plan and we continue to have a robust
pipeline of acquisition opportunities across multiple geographies,
products and end markets.”
About Installed Building Products
Installed Building Products, Inc. is one of the nation's largest
insulation installers for the residential new construction market
and is also a diversified installer of complementary building
products, including waterproofing, fire-stopping and fireproofing,
garage doors, rain gutters, shower doors, closet shelving and
mirrors, throughout the United States. The Company manages all
aspects of the installation process for its customers, including
direct purchases of materials from national manufacturers, 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 from
its national network of branch locations.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws, including with respect
to our financial and business model, the demand for our services
and product offerings, expansion of our national footprint and end
markets, diversification of our products, our ability to capitalize
on the new home and commercial construction recovery, our ability
to strengthen our market position, our ability to pursue and
integrate value-enhancing acquisitions, our ability to improve
sales and profitability, and expectations for demand for our
services and our earnings in 2018. Forward-looking statements may
generally be identified by the use of words such as "anticipate,"
"believe," "expect," "intends," "plan," and "will" or, in each
case, their negative, or other variations or comparable
terminology. These forward-looking statements include all matters
that are not historical facts. By their nature, forward-looking
statements involve risks and uncertainties because they relate to
events and depend on circumstances that may or may not occur in the
future. Any forward-looking statements that we make herein and in
any future reports and statements are not guarantees of future
performance, and actual results may differ materially from those
expressed in or suggested by such forward-looking statements as a
result of various factors, including, without limitation, the
factors discussed in the “Risk Factors” section of the Company’s
Annual Report on Form 10-K for the year ended December 31, 2017, as
the same may be updated from time to time in our subsequent filings
with the Securities and Exchange Commission. Any forward-looking
statement made by the Company in this press release speaks only as
of the date hereof. New risks and uncertainties arise from time to
time, and it is impossible for the Company to predict these events
or how they may affect it. The Company has no obligation, and does
not intend, to update any forward-looking statements after the date
hereof, except as required by federal securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20180904005814/en/
Installed Building Products, Inc.Investor Relations,
614-221-9944investorrelations@installed.net
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