Installed Building Products grows in Texas
Installed Building Products (IBP) has acquired Nationwide Gutter, LLC.
Founded in 1998, Nationwide Gutter is headquartered outside of Dallas, Texas and provides gutter installation and repair services primarily to multifamily and commercial customers.
Terms of the acquisition were not disclosed.
“I am excited that IBP is now in a position to restart closing transactions from our strong pipeline as economies and our markets rebound across the country,” said Jeff Edwards, chairman and CEO of IBP.
Edwards said that Nationwide Gutter has approximately $5.2 million in annual revenue and expands IBP’s presence to multifamily and commercial customers throughout Texas.
Based in Columbus, Ohio, IBP operates more than 180 branch locations and provides insulation installation for residential and commercial builders. Other builder installation services from IBP include waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors.
Last month IBP reported that its first quarter 2020 net revenue increased 16.1% to a company record of $397.3 million compared to revenue of $342.1 million in the first quarter of 2019.