Installed Building Products Acquires Alpine Insulation
COLUMBUS, Ohio—Installed Building Products, Inc., an installer of insulation and complementary building products, announced Tuesday the acquisition of Alpine Insulation Co., Inc. based in Sheboygan, Wis., with five operating locations throughout the state. Since 1972, Alpine has provided installation services to residential and commercial customers throughout the Appleton, Madison, Milwaukee, Sheboygan, and Wausau markets.
“We are pleased to announce our fourth acquisition of the year with trailing twelve month sales at December 31, 2015 of approximately $23.9 million,” stated Jeff Edwards, Chairman and Chief Executive Officer. “Alpine represents a compelling opportunity for us to enhance our presence in Wisconsin through a complementary business with strong local brands, exceptional customer loyalty and a strong management team. This acquisition brings our total acquired revenue in 2016 to approximately $44 million, as we remain focused on selectively acquiring market-leading installers in highly attractive markets.”
Source: Installed Business Products