{"id":52415,"date":"2024-12-08T15:59:36","date_gmt":"2024-12-08T20:59:36","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=52415"},"modified":"2024-12-08T16:03:56","modified_gmt":"2024-12-08T21:03:56","slug":"installed-building-ibp-buys-combee-expands-florida-footmark-2","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2024\/12\/08\/installed-building-ibp-buys-combee-expands-florida-footmark-2\/","title":{"rendered":"Installed Building (IBP) Buys Combee, Expands Florida Footmark"},"content":{"rendered":"
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Installed Building Products, Inc.<\/strong> strengthens its market presence with the recent acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc., and Air Tight Diagnostics, LLC. This move, in line with IBP’s growth strategy, significantly expands its footprint in Central Florida, catering to single-family, multifamily, and commercial customers.<\/p>\n\n\n\n

Combee, established in 1970, is a Lakeland, FL-based company specializing in the installation of diverse building products, such as fiberglass insulation, spray foam insulation, and garage doors. The acquisition adds approximately $16.5 million in annual revenues to IBP’s robust financial portfolio.<\/p>\n\n\n

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Acquisition: A Key Growth Driver<\/strong><\/p>\n\n\n\n

IBP’s success lies in its proven strategy of acquiring well-run installers within the insulation and complementary building products sector. Bolstered by a strong balance sheet and an asset-light business model, IBP remains dedicated to pursuing growth through acquisitions, while concurrently returning value to shareholders through cash dividends and stock repurchases.<\/p>\n\n\n\n

IBP’s 2023 acquisition spree, totaling around $75 million in annual revenues, showcases its commitment to sustained growth. Earlier this year, IBP successfully acquired Interior 2000 Products, LLC, and R-Pro Select, LLC, adding expertise in shower, shelving, and mirror products, as well as fiberglass, spray foam, cellulose insulation, and fireplaces.<\/p>\n\n\n\n

Furthermore, the acquisition of Interstate Spray Foam, LLC in October 2023 further strengthens IBP’s position. With a focus on fiberglass and spray foam insulation for multifamily, residential, and commercial clients, this strategic move aligns with IBP’s expansion goals.<\/p>\n\n\n\n

As acquisitions continue to be a driving force behind IBP’s growth, the company maintains a robust pipeline of opportunities across various geographies, products, and end markets. The Combee acquisition not only enriches IBP’s offerings but also solidifies its position as an industry leader in the installation sector.<\/p>\n","protected":false},"excerpt":{"rendered":"

Installed Building Products, Inc. strengthens its market presence with the recent acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc., and Air Tight Diagnostics, LLC. This move, in line… <\/p>\n","protected":false},"author":2,"featured_media":52416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"4","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":true,"token":"eyJpbWciOiJodHRwczpcL1wvaTAud3AuY29tXC9sYWtlbGFuZGdhemV0dGUuaW5mb1wvbmV3c1wvd3AtY29udGVudFwvdXBsb2Fkc1wvMjAyNFwvMTJcLzE2MzEzODUzNzk1NTkud2VicD9maXQ9MjAwJTJDMjAwJnNzbD0xIiwidHh0IjoiSW5zdGFsbGVkIEJ1aWxkaW5nIChJQlApIEJ1eXMgQ29tYmVlLCBFeHBhbmRzIEZsb3JpZGEgRm9vdG1hcmsiLCJ0ZW1wbGF0ZSI6ImhpZ2h3YXkiLCJibG9nX2lkIjoxNjMwNDA2NjF9.JJ6IwvY_xCYITpbPqKR_QXsHDJJoPoJiwHrzvpgyVvwMQ"},"version":2,"attached_media":[{"id":52416,"url":"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2024\/12\/1631385379559.webp","type":"image\/jpeg"}]},"_wpas_customize_per_network":false},"categories":[4],"tags":[7005,7004],"class_list":["post-52415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-expands-florida-footmark","tag-installed-building-ibp-buys-combee"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/52415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=52415"}],"version-history":[{"count":1,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/52415\/revisions"}],"predecessor-version":[{"id":52418,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/52415\/revisions\/52418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/52416"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=52415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=52415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=52415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}