Installed Building Products Announces the Acquisition of Custom Glass Atlanta

- Acquisition Adds Approximately $11 Million of Annualized Revenue -


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

an industry-leading installer of insulation and complementary building

products, announced today the acquisition of Custom Glass Atlanta, Inc.

(CGA) and Atlanta Commercial Glazing, Inc. (ACG), which consists of five

branches throughout the Southeastern U.S. Founded in 1991, CGA primarily

provides bathroom installation services to new, single-family

residential customers.

"With combined annualized revenues of $11 million, CGA and ACG further

diversifies our product and end-market mix, while enhancing our

footprint in the Southeastern U.S. Our pipeline of potential

acquisitions remains strong. We continue to focus on selectively

acquiring well-managed and complementary residential and commercial

installers," stated Jeff Edwards, Chairman and Chief Executive Officer.

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 with respect to 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 2016. 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 factors discussed in the "Risk

Factors" section of the Company's Annual Report on Form 10-K for the

year ended December 31, 2016, 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.

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Source: Installed Building Products, Inc.

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