COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today the acquisition of 1st State Insulation, LLC. Founded in 2015, 1st State serves the Delaware and Maryland markets through one branch location in Delaware. The company provides fiberglass and spray foam insulation installation services primarily for single-family residential customers.

“With trailing twelve-month revenue of $8.8 million, 1st State enhances our presence in attractive markets in both Delaware and Maryland,” stated Jeff Edwards, Chairman and Chief Executive Officer. “1st State has experienced strong growth since its founding, and we expect these trends to continue on IBP’s national platform. Acquisitions remain a key component of our growth plan and we continue to have a robust pipeline of acquisition opportunities across multiple geographies, products and end markets.”

About Installed Building Products

Installed Building Products, Inc. is one of the nation's largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of over 175 branch locations.