Installed Building Products Inc., a Columbus-headquartered installer of insulation and complementary building products, has acquired Premier Building Supply LLC. The strategic acquisition of three locations and approximately $23 million in annual revenue significantly expands IBP’s presence in Utah.
Founded in 2009, Premier is headquartered outside of Provo, Utah, with additional locations in Lindon and Salt Lake City. The company provides insulation and garage door installation services primarily for new residential customers.
“Utah is an attractive housing market and I am excited to grow IBP’s presence within the state, IBP Chairman and CEO Jeff Edwards said, in a statement. “With the acquisition of Premier, we have acquired over $59 million of annual revenues to date, which primarily consists of insulation installers. Acquisitions remain a key component of our growth plan and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products and end markets.”
With a national network of over 175 branch locations, IBP is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States.