Date: 13 December 2018
Installed Building Products, Inc. (the “Company” or “IBP”), an industry-leading installer of insulation and complementary building products, announced today the acquisitions of Carolina Glass & Mirror, Inc. (“Carolina Glass”) and Hamilton Benchmark Inc. (“Hamilton Benchmark”).
Carolina Glass installs commercial and residential glass applications with one location in Garner, North Carolina, and serving the greater Raleigh market. Founded in 1993, Carolina Glass has annual revenue of approximately $6.2 million.
Hamilton Benchmark installs fire-stopping solutions to the large commercial construction market with one location near Milwaukee, Wisconsin. Founded in 1999, Hamilton Benchmark has annual revenues of approximately $1.3 million.
“We are excited to expand our presence in North Carolina, which represents one of the nation’s strongest real estate markets,” stated Jeff Edwards, Chairman and Chief Executive Officer. “With the addition of Carolina Glass, IBP now offers insulation, shower enclosures and mirrors, garage doors, gutters, blinds, and roofing installation services to commercial and residential customers throughout the greater Raleigh market. I am also pleased to announce the acquisition of Hamilton Benchmark, which represents the second acquisition in our Alpha commercial installation platform.”
“So far this year we have closed 12 acquisitions representing approximately $83 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,” concluded Mr. Edwards.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181210005749/en/
Source: Installed Building Products, Inc.