M&A
confidence high
sentiment positive
materiality 0.55
IBP acquires Thrice and Gutter Pro; repurchases $46M stock in June
Installed Building Products, Inc.
- Two acquisitions add combined annual revenue of ~$14 million.
- Thrice Energy Solutions (Oklahoma City) expands IBP into Oklahoma and Texas fiberglass/spray foam insulation market.
- Gutter Pro (Plymouth, MA) adds residential/commercial gutter services in Massachusetts and Rhode Island.
- IBP repurchased ~215k shares for $46 million in June; ~$250M remains under buyback program.