Installed Building Products Announces the Acquisition of Thermo-Tech Mechanical Insulation, Inc., Biomax Spray Foam Insulation, LLC, and CKV Finished Products LLC

Core Insights - Installed Building Products, Inc. (IBP) has announced three acquisitions: Thermo-Tech Mechanical Insulation, Inc., Biomax Spray Foam Insulation, LLC, and CKV Finished Products LLC, which will enhance its national presence and diversify revenue streams in the building products sector [1][2] Acquisition Details - Thermo-Tech was acquired on February 2, 2026, with annual revenue of approximately $13 million, providing mechanical insulation services for commercial and industrial applications across several states [2] - Biomax was acquired on January 19, 2026, with annual revenue of approximately $5 million, specializing in spray foam and fiberglass insulation for residential and commercial markets in Texas and surrounding states [2] - CKV was acquired on December 11, 2025, with annual revenue of approximately $4 million, focusing on installing complementary building products for residential markets in Indiana and neighboring states [2] Financial Impact - The three acquisitions collectively add over $22 million in annual revenue to IBP, further expanding its insulation installation services in key residential and commercial markets [2]