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InsulationWalls and Ceilings News

Installed Building Products Buys Combee Insulation of Florida

Purchase will add approximately $16.5 million in annual revenue

Installed Building Products Acquires Combee Insulation
December 14, 2023

Columbus, Ohio-based Installed Building Products, Inc., an industry-leading installer of insulation and complementary building products, announced on Dec. 11 the acquisition of Combee Insulation Company, Inc.; Combee Foam Products, Inc.; and Air Tight Diagnostics, LLC.

Combee, founded in 1970 and headquartered in Lakeland, Florida, installs a diverse mix of building products, including fiberglass insulation, spray foam insulation and garage doors, primarily into new residential construction projects throughout the greater Central Florida area.

“With approximately $16.5 million of annual revenue, Combee expands our presence to serve single-family, multifamily and commercial customers throughout Central Florida,” said Jeff Edwards, IBP chairman and CEO.

Installed Building Products, Inc. is a national installer of complementary building products, including waterproofing, firestopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products for residential and commercial builders.

“To date in 2023, we have acquired approximately $75 million of annual revenue [and] acquisitions remain a key component of our growth strategy,” Edwards added. “We continue to have a robust pipeline of opportunities across multiple geographies, products and end markets.”

For more information, visit installedbuildingproducts.com.

KEYWORDS: Florida mergers and acquisitions

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