Installed Building Products Announces Acquisition of Euroview Enterprises, LLC

COLUMBUS, Ohio–(BUSINESS WIRE)–Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), a leading installer of insulation and complementary building products, today announced the acquisition of Euroview Enterprises, LLC, Contract Mirror and Supply Co. and CLM Solutions, LLC (collectively, “Euroview”). Founded in 1961, Euroview is headquartered in Elk Grove Village, Illinois, with an additional location in Burnsville, Minnesota. Euroview focuses on new construction projects for single and multifamily homes throughout Illinois and Minnesota, with a separate, smaller unit focused on commercial projects. Shower doors, shelving and mirrors represent the vast majority of Euroview’s revenue.

“Euroview adds approximately $20 million in annual revenue to our business, strengthening our presence in the Midwest region while also increasing our access to the large Illinois and Minnesota markets,” said Jeff Edwards, president and CEO. “Acquisitions remain a key part of our growth strategy, and we continue to have solid pipeline of opportunities across multiple geographies, products and end markets. On behalf of everyone at Installed Building Products, I would like to welcome Euroview to our team.”

Forward-looking statements

This press release contains forward-looking statements within the meaning of the federal securities laws, including those relating to the real estate and commercial real estate markets, our operations, industry and economic conditions, our financial and business model, the payment of dividends, demand for our services and product offerings, the expansion of our national footprint and target markets, the diversification of our products, our ability to develop and strengthen our market position, our ability to complete and integrate value-adding acquisitions and the expected amount of revenues acquired, our ability to improve sales and profitability, and expectations regarding demand for our services and our earnings. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “believe,” “expect,” “intend,” “plan” and “will” or, in each case, the negative or other variations thereof or comparable terminology. These forward-looking statements include all matters that are not historical facts. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Any projections we make herein and in future reports and statements are not guarantees of future results, and actual results may differ materially from those expressed or implied by such projections as a result of various factors, including, without limitation, general economic and industry conditions; rising mortgage interest rates and rising home prices; inflation and interest rates; relevant pricing and supply environments; the timing of increases in our sales prices; the risk that the Company may reduce, suspend or eliminate dividend payments in the future; and the factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as they may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. In addition, any future declaration of dividends will be subject to the final determination of our Board of Directors. Any projections made by the Company in this press release speak only as of the date hereof. New risks and uncertainties emerge from time to time, and the Company cannot predict these events or how they may affect it. The Company has no obligation, and does not intend, to update any forward-looking statements after the date hereof, except as required by federal securities laws.

About installed building products

Installed Building Products, Inc. is one of the nation’s largest installers of new residential insulation and is a diversified installer of complementary building products, including waterproofing, fire insulation, fire protection, garage doors, gutters, window shades, shower doors, closet and mirror shelves, and other products to residential and commercial home builders located throughout the continental United States. The company manages all aspects of the installation process for its customers, from direct purchasing and collection of materials from domestic manufacturers to on-time delivery of materials to job sites and high-quality installation. The company offers its portfolio of services to new and existing single-family and multifamily residential and commercial building projects in all 48 continental states and the District of Columbia from its nationwide network of more than 250 locations.

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