Installed Building Products Announces Closing of Alpha Insulation and Waterproofing Acquisition


Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP),

an industry-leading installer of insulation and complementary building

products, announced today the closing of its acquisition of Trilok

Industries, Inc., Alpha Insulation and Waterproofing, Inc., and Alpha

Insulation and Waterproofing Company (collectively known as "Alpha" or

"Alpha Insulation and Waterproofing"). Founded in 1982, Alpha is

headquartered in Atlanta, Georgia and serves commercial customers

through an expanding network of nine branches located in Georgia,

Florida, Texas, Tennessee, and North Carolina.

Alpha Insulation and Waterproofing will continue to operate under its

existing brand name, but will now be able to offer building solutions

nationwide as part of IBP's footprint of over 100 branch locations

throughout the continental U.S. In addition, Alpha's commercial

insulation, waterproofing, fire stopping and fireproofing expertise

diversifies IBP's revenue mix, while enhancing the company's commercial

construction platform.

"We are excited about closing the Alpha acquisition and are focused on

successfully integrating Alpha's operations over the coming months,

which we expect will be immediately accretive to earnings," stated Jeff

Edwards, IBP's Chairman and Chief Executive Officer. "We have

established IBP as a leading installer of building products and look

forward to further growing our business through Alpha's commercial

construction focus."

Vic Verma, Chief Executive Officer and Founder of Alpha, stated, "The

entire Alpha team is excited to be part of the IBP family of companies,

and we are committed to grow the Alpha brand with both organic and

acquisition opportunities in 2017 and beyond."

About Installed Building Products

Installed Building Products, Inc. is the nation's second largest

insulation installer for the residential new construction market and is

also a diversified installer of complementary building products,

including garage doors, rain gutters, shower doors, closet shelving and

mirrors, throughout the United States. The Company manages all aspects

of the installation process for its customers, including direct

purchases of materials from national manufacturers, supply of materials

to job sites and quality installation. The Company offers its portfolio

of services for new and existing single-family and multi-family

residential and commercial building projects from its national network

of branch locations.

Forward-Looking Statements

This press release contains forward-looking statements within the

meaning of the federal securities laws, including the impact of the

Alpha acquisition on and its contribution to our operations and

execution of our growth strategy, the integration of Alpha's operations,

the impact of this acquisition on our earnings and revenue, the demand

for our services, expansion of our national footprint, our ability to

capitalize on the new home construction recovery, our ability to

strengthen our market position, our ability to pursue value-enhancing

acquisitions, our ability to improve profitability and expectations for

demand for our services for the remainder of 2017. Forward-looking

statements may generally be identified by the use of words such as

"anticipate," "believe," "expect," "intends," "plan," and "will" or, in

each case, their negative, or other variations or comparable

terminology. These forward-looking statements include all matters that

are not historical facts. By their nature, forward-looking statements

involve risks and uncertainties because they relate to events and depend

on circumstances that may or may not occur in the future. Any

forward-looking statements that we make herein and in any future reports

and statements are not guarantees of future performance, and actual

results may differ materially from those expressed in or suggested by

such forward-looking statements as a result of various factors,

including, without limitation, the potential impact to the Company's or

Alpha's business due to the closing of the acquisition, the risk that

the business of Alpha will not be integrated successfully, and the

factors discussed in the "Risk Factors" section of the Company's Annual

Report on Form 10-K for the year ended December 31, 2015, as the same

may be updated from time to time in our subsequent filings with the

Securities and Exchange Commission. Any forward-looking statement made

by the Company in this press release speaks only as of the date hereof.

New risks and uncertainties arise from time to time, and it is

impossible for the Company to predict these events or how they may

affect it. The Company has no obligation, and does not intend, to update

any forward-looking statements after the date hereof, except as required

by federal securities laws.

View source version on

Installed Building Products, Inc.Investor Relations,

Source: Installed Building Products, Inc.

News Provided by Acquire Media

Find a Branch

IBP has 125+ locations serving 48 states.
To find a local branch near you, please enter a zip code.