secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2023-08-28T23:59:59+00:00
Accession:  0001580905-23-000041
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBP completes two tuck-in acquisitions totaling ~$8M annual revenue
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- Acquired Interior 2000 Products ($6M annual rev.) and R-Pro Select ($2M annual rev.).
- Interior 2000 installs shower, shelving, mirror, and fireplace products in Richmond, VA.
- R-Pro, based in Fletcher, NC, installs insulation and fireplaces in western NC.
- Year-to-date 2023, IBP has acquired over $55M in annualized revenue.
- Acquisitions complement existing branches and expand footprint in Virginia and North Carolina.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000041/0001580905-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000041/ibp-20230828.htm
  HTML page:      https://secwatch.observer/filing/0001580905-23-000041

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