Installed Building Products acquires ABS Insulating for ~$21M annual revenue; YTD acquired revenue exceeds $100M target

Installed Building Products, Inc.

Acquisition of ABS Insulating Company, Inc. and affiliates closed December 19, 2022.
ABS adds approximately $21 million in annual revenue, serving Charlotte, NC and Myrtle Beach, SC markets.
Year-to-date 2022, IBP has acquired ~$109 million in annual revenues, surpassing the $100 million target.
Acquisition strengthens IBP's presence in the Southeast U.S. residential insulation and gutter market.

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