USI Acquires Smith Insulation
USI, a leading national construction services provider of installed insulation and related services to builders, contractors and homeowners, announced the acquisition of Smith Insulation, a Louisburg, N.C.-based full-line insulation services contractor.
Founded in 1979 by Timothy Smith, family-run Smith Insulation has shown steady growth. The company employs approximately 35 personnel and serves the Raleigh, Durham and Roanoke Rapids markets. After closing, Smith will become Branch Manager and Duane Smith will maintain his current role as Production Manager.
In addition to the North Carolina markets served by Smith Insulation, USI has an existing branch serving western North Carolina and parts of Virginia.
"We are excited how this acquisition further increases our presence in North Carolina," said Bill Varner, President and Chief Executive Officer, USI. "Bringing Smith's expertise, valued people and assets to USI is a significant opportunity for us. We expect a smooth transition and enhanced value for both our current and future customers."
Timothy Smith is also confident that the combined company has a bright future. "Joining forces with USI provides us with a whole new level of resources," he said. "USI shares our values of teamwork, trust and integrity that are so crucial in a relationship-driven industry. Our combined best practices and focus on service leaves me very optimistic about the future."
Local Knowledge, National Strength
Varner said the company's expansion in North Carolina is indicative of the future growth prospects of commercial and residential construction in the region.
USI has become a leading building solutions provider in the United States by combining local market savvy with outstanding employees, superior technology, and the infrastructure of a national network. With more than 38 locations in 13 states across the U.S., USI provides the nation's residential and commercial contractors with a wide range of construction services.