Installed Building Products, Inc. has completed the acquisition of Thermo-Tech Mechanical Insulation, Inc., a company specializing in mechanical insulation services. The transaction was facilitated with Angle Advisors serving as the exclusive investment banking advisor to Thermo-Tech.
This acquisition expands Installed Building Products’ service offerings and strengthens its position in the building products market. Thermo-Tech’s expertise in mechanical insulation complements IBP’s existing portfolio.
**Why this matters**
The acquisition allows Installed Building Products to enhance its capabilities in mechanical insulation, potentially improving service delivery and market reach. For Thermo-Tech, joining IBP provides access to greater resources and a broader customer base, supporting future growth opportunities.
Source: NewsData