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Home Depot Foundation digs deeper for veterans

BY HBSDEALER Staff

The Home Depot Foundation announced Wednesday that it was commiting an additional $3.9 million in grants to organizations that help provide housing to veterans.

"We know that too many veterans struggle with issues related to housing: nearly 60,000 U.S. veterans are homeless on any given night, and women veterans, many of whom have children, are the fastest-growing segment of this homeless population, while several million others live with a service-connected disability," said Kelly Caffarelli, president of The Home Depot Foundation. "As we work toward our mission of ensuring every veteran has a safe place to call home, we are committed to funding nonprofit organizations that address veterans’ needs at every point on the housing continuum."

The breakdown of the funding includes $1.7 million to nonprofits that are repairing or constructing 323 units of permanent supportive housing for veterans.

Additionally, $800,000 is going to nonprofits that provide transitional housing; $400,000 is going to a nonprofit that offers permanent supportive housing to female veterans; and $875,000 is going toward providing home repairs and maintenance to 126 homes owned by veterans and their families.

This latest contribution brings the Foundation’s total veteran housing commitment to $65.7 million since the spring of 2011.

 

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Installed Building Products acquires U.S. Insulation Corp.

BY HBSDEALER Staff

Installed Building Products, Inc., a Columbus, Ohio-based installer of insulation products, has completed its acquisition of U.S. Insulation Corp.

“We are pleased to announce the addition of U.S. Insulation Corp. to the IBP team as we continue to expand our national platform,” stated Jeff Edwards, chairman and CEO of IBP. “The addition of these two established branch locations deepens our presence in the New York Tri-State region and we expect these locations to contribute positively to our overall operations immediately.”

U.S. Insulation Corp. is a Connecticut-based installer of fiberglass and spray foam insulation, as well as complementary products like gutters and waterproofing.

It primarily serves the Hartford and Danbury areas and had net revenue of approximately $9 million in 2013.

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Beach joins PRO Group board

BY HBSDEALER Staff

Denver-based PRO Group announced the election of Chris Beach to the organization’s board of directors. 

Beach currently serves as president, CEO and chairman of the board of The Bostwick-Braun Co. Beach started his career with Bostwick-Braun’s Industrial Supply Division in 1989. After managing a successful sales territory in Detroit for several years, he was promoted in 1999 to field sales manager for the Industrial Supply Division. In 2000, Beach was promoted to VP of Bostwick-Braun Industrial Supply. Later he was promoted to chief marketing officer and senior VP marketing. Prior to assuming his current role,  Beach had served as president and COO. He received his bachelor’s degree in business administration from the University of Toledo.

Established in 1855, The Bostwick Braun Co. is an employee-owned distributor of retail hardware and industrial MRO supplies to customers across 28 states. Bostwick-Braun also supplies construction fasteners, industrial fasteners, cutting tools and specialty tools to commercial/industrial customers across the Midwest, as well as supplying soft automotive supplies, lawn and garden items and pet supplies to chain and specialty retailers across the Unites States.

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