Installed Building Products, Inc. acquired Rocket Insulation & Coatings Inc. for approximately $2.2 million.
January 15, 2018
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Installed Building Products, Inc. (NYSE:IBP) acquired Rocket Insulation & Coatings Inc. for approximately $2.2 million on January 16, 2018. Rocket Insulation & Coatings generated trailing-twelve month revenue of $5.4 million. Due to acquisition of Rocket Insulation, Installed Building Products expands its footprint to the Long Island market.
Installed Building Products, Inc. (NYSE:IBP) completed the acquisition of Rocket Insulation & Coatings Inc. on January 16, 2018.
Installed Building Products, Inc. is a residential insulation installer and 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. It operates through three segments: Installation, Distribution and Manufacturing. Installation segment is engaged in the installation of various products in the residential new construction, repair and remodel and commercial construction end markets. Distribution segment sells insulation, gutters and accessories primarily to installers of these products who operate in multiple end markets. Manufacturing segment consists of its cellulose insulation manufacturing operations. It offers a portfolio of services from a national network of 250 branch locations serving all 48 continental states and the District of Columbia.
INSTALLED BUILDING PRODUCTS, INC. 
