Announced
Completed
Synopsis
Installed Building Products, a diversified installer of complementary building products, completed the acquisition of Central Aluminum Supply, a full service wholesale rainware/gutter distributor. Financial terms were not disclosed. "With approximately $45m of annual distribution revenue, CAS has successfully grown its business independently and we support management’s continued effort to provide exceptional customer service while expanding into new markets. To date in 2022, we have acquired approximately $54m 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 would like to welcome CAS onto our team," Jeff Edwards, IBP Chairman and CEO.
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