Installed Building Products Expands Reach With Tatum Acquisition

Core Insights - Installed Building Products, Inc. (IBP) has acquired Tatum Insulation III, LLC, enhancing its geographic reach and revenue streams in North Carolina [1][2] - The acquisition is expected to add over $17 million in annual revenues, aligning with IBP's growth-focused acquisition strategy [2][3] - IBP's strategy emphasizes acquisitions as a primary growth driver, allowing for market expansion and service diversification [3][4] Revenue Growth and Market Expansion - The acquisition of Tatum contributes more than$17 million in annual revenues, significantly boosting IBP's financial performance [2] - IBP has achieved over $90 million in revenues from acquisitions in 2024, indicating a robust growth strategy [2] - The company reported an 8% revenue growth in the third quarter, marking a record performance [4] Strategic Focus on Acquisitions - Acquisitions are central to IBP's capital allocation strategy, facilitating geographic expansion and product diversification [5] - The integration of Tatum's operations is expected to strengthen IBP's competitive position in the Southeastern U.S. market [3] - IBP anticipates further acquisitions before year-end and has a strong pipeline for 2025 [5] Share Price Performance - IBP's shares have increased by 49.1% over the past year, outperforming the Zacks Building Products – Miscellaneous industry's growth of 43.6% [5]