Installed Building Products acquires Tatum Insulation
Ohio-based Installed Building Products, Inc. (IBP), an installer of insulation and complementary building products, has acquired of Tatum Insulation III. Tatum is headquartered just outside of Wilmington, North Carolina, and serves new residential and new commercial end markets throughout the state. Tatum installs multiple building products, including fiberglass insulation, shower doors, shelving, mirrors and other products installed in the interior of homes and buildings.
“Tatum adds over $17 million of annual revenue to our business, giving us increased geographic exposure and the opportunity to deepen our presence with single-family, multi-family and commercial customers throughout North Carolina,” stated Jeff Edwards, chairman and CEO. “To date in 2024, we have acquired over $90 million of annual revenue. Acquisitions remain a key component of our growth strategy, and we continue to have a strong pipeline of opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I want to welcome Tatum onto our team.”