Installed Building Products Acquires Gulf Coast Insulation

December 16 2019

Installed Building Products, Inc. apprises of the acquisition of Gulf Coast Insulation. Gulf Coast Insulation serves the Florida Panhandle market through one location. The company provides spray foam and fiberglass insulation installation services primarily to residential customers.

“With trailing twelve-month revenue of $4.7 million, Gulf Coast Insulation provides us access to attractive markets throughout the Florida Panhandle,” stated Jeff Edwards, Chairman and Chief Executive Officer. “Gulf Coast Insulation is ideally located between Pensacola and Tallahassee and about 75% of its annual revenue comes from installing spray foam insulation. To date, we have acquired approximately $64 million of annual revenues, which primarily consists of insulation installers in new markets. 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.”

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