Installed Building Products acquires Combee Insulation, terms not disclosed

Installed Building Products announced the acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC. Established in 1970, Combee is headquartered in Lakeland, Florida and installs a diverse mix of building products including, fiberglass insulation, spray foam insulation, and garage doors, primarily into new residential construction projects throughout the greater Central Florida area. “With approximately $16.5 million of annual revenue, Combee expands our presence to serve single-family, multifamily, and commercial customers throughout Central Florida,” stated Jeff Edwards, Chairman and Chief Executive Officer. “To date in 2023, we have acquired approximately $75 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 Combee onto our team.”