secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2022-12-19T23:59:59+00:00
Accession:  0001580905-22-000053
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090522000053/0001580905-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090522000053/ibp-20221219.htm
  HTML page:      https://secwatch.observer/filing/0001580905-22-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer