Installed Building Products Acquires Key Green Builder Services
COLUMBUS, Ohio—Installed Building Products, Inc., announced today the acquisition of Key Green Builder Services, LLC d/b/a Key Insulation. Key was founded in 2000 and provides installation services primarily to single family residential customers in the Austin and San Antonio, Texas markets. Products include spray foam and cellulose insulation, and closet and garage storage systems. In addition, Key Insulation provides energy rating services through a related entity.
“We are pleased to announce our first acquisition of the year with trailing twelve month sales of approximately $11.8 million,” said Jeff Edwards, Chairman and Chief Executive Officer. “Austin and San Antonio are strong housing markets and this acquisition further strengthens our market share within these compelling markets. Our pipeline of acquisition opportunities remains solid for 2016 after making nine acquisitions representing nearly $110 million of revenue in 2015.”