Installed Building Products acquires Anchor Insulation, no terms given

Installed Building Products announced the acquisition of Anchor Insulation . Established in 1980, Anchor Insulation is headquartered in Pawtucket, Rhode Island and primarily installs residential, mechanical and industrial insulation. Anchor Insulation serves residential, commercial and industrial customers across the Northeast from branches in Rhode Island, Connecticut, and Massachusetts. "With approximately $39M of annual revenue, Anchor Insulation expands our presence to residential, commercial and industrial customers across the Northeastern United States," stated Jeff Edwards, Chairman and Chief Executive Officer. "To date in 2023, we have acquired approximately $43M of annual revenue. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I want to welcome Anchor Insulation onto our team."