American Fork-based Premier Building Supply LLC has been acquired by Installed Building Products Inc. of Columbus Ohio. Premier is an installer of insulation and garage doors for residential customers. Installed Building Products is primarily an insulation contractor.
Founded in 2009, Premier also has locations in Lindon and Salt Lake City.
“With three locations and approximately $23 million of annual revenue, Premier significantly expands our presence in Utah,” said Jeff Edwards, chairman and CEO of Installed Building Products. “Utah is an attractive housing market and I am excited to grow IBP’s presence within the state. With the acquisition of Premier, we have acquired over $59 million of annual revenues to date, which primarily consists of insulation installers. Acquisitions remain a key component of our growth plan and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products and end markets.”
Installed Building Products Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States.