US: Installed Building Products (IBP) has closed its acquisition of Alpha Insulation and Waterproofing. Alpha Insulation and Waterproofing, based in Atlanta in Georgia, will continue to operate under its existing brand name through an expanding network of nine branches located in Georgia, Florida, Texas, Tennessee and North Carolina. Alpha's focus on commercial insulation, waterproofing, fire stopping and fireproofing will add to IBP’s revenue mix and its commercial construction platform.
"We are excited about closing the Alpha acquisition and are focused on successfully integrating Alpha's operations over the coming months, which we expect will be immediately accretive to earnings," said Jeff Edwards, IBP's chairman and chief executive officer.
