Atlanta's Alpha Insulation & Waterproofing Bought for $92M
Monday, January 9th, 2017
Installed Building Products, Inc., an industry-leading installer of insulation and complementary building products, announced the closing of its acquisition of Trilok Industries, Inc., Alpha Insulation and Waterproofing, Inc., and Alpha Insulation and Waterproofing Company. Founded in 1982, Alpha is headquartered in Atlanta, Georgia and serves commercial customers through an expanding network of nine branches located in Georgia, Florida, Texas, Tennessee, and North Carolina.
Alpha Insulation and Waterproofing will continue to operate under its existing brand name, but will now be able to offer building solutions nationwide as part of IBP's footprint of over 100 branch locations throughout the continental U.S. In addition, Alpha's commercial insulation, waterproofing, fire stopping and fireproofing expertise diversifies IBP's revenue mix, while enhancing the company's 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," stated Jeff Edwards, IBP's Chairman and Chief Executive Officer. "We have established IBP as a leading installer of building products and look forward to further growing our business through Alpha's commercial construction focus."
Vic Verma, Chief Executive Officer and Founder of Alpha, stated, "The entire Alpha team is excited to be part of the IBP family of companies, and we are committed to grow the Alpha brand with both organic and acquisition opportunities in 2017 and beyond."