Installed Building Products acquires Interior 2000 Products, terms not disclosed

Installed Building Products announced the acquisition of Interior 2000 Products, LLC. Established in 1999, Interior 2000 installs shower, shelving, and mirror products, as well as fireplaces into new and existing residential and commercial construction projects throughout the greater Richmond, Virginia market. On August 6, IBP completed the acquisition of R-Pro Select, LLC, a Fletcher, North Carolina based installer of fiberglass, spray foam, cellulose insulation, and fireplaces to residential customers primarily in Asheville, Hendersonville, and the surrounding communities of western North Carolina. “Interior 2000 increases our footprint throughout the greater Richmond market with nearly $6 million of annual revenue and complements our existing residential insulation installation branch,” stated Jeff Edwards, Chairman and Chief Executive Officer. “In addition, our recent acquisition of R-Pro increases our presence within the western North Carolina region. To date in 2023, we have acquired over $55 million 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 Interior 2000 and R-Pro onto our team.”