Installed Building Products acquires Wholesale Insulation Supply
Installed Building Products, Inc., an installer of insulation and complementary building products, has acquired Wholesale Insulation Supply, Inc. doing business as Insulation Supplies.
Insulation Supplies was established in 1986 and is headquartered in New Hope, Minnesota, near Minneapolis. Insulation Supplies generates over $22 million of annual revenue throughout Minnesota and the upper Midwest. As a specialty distributor focused on residential and commercial end-markets, Insulation Supplies sells fiberglass insulation, spray foam insulation, cellulose insulation and related insulation accessories and machinery.
"Insulation Supplies has successfully grown its business by providing exceptional service to its customers and we are excited to complete another strategic acquisition. The acquisition expands our geographic presence and enhances our ability to efficiently meet the needs of insulation customers throughout the upper Midwest,” stated Jeff Edwards, chairman and CEO of IBP.
“To date in 2024, we have acquired over $73 million of annual revenue. Acquisitions remain a key component of our growth strategy, and we continue to have a robust pipeline of opportunities across multiple geographies, products and end markets. On behalf of everyone at Installed Building Products, I want to welcome Insulation Supplies onto our team,” concluded Mr. Edwards.
