Installed Building Products acquires CQ Insulation
US: Installed Building Products (IBP) has acquired Florida's CQ Insulation. CQ Insulation is primarily an installer of fibreglass and cellulose insulation, with a 12 year operating history serving the Florida market through its two branch locationss in Tampa and Orlando. It primarily focuses on new multi-family residential and commercial end markets. CQ Insulation's sales for 2014 were approximately US$6.9m.
"We are excited to announce the addition of CQ Insulation to our company as we continue to expand our national footprint," said Jeff Edwards, chairman and CEO of IBP. "The addition of these two established branch locationss deepens our presence in the southeast and provides us with an attractive platform to pursue additional multi-family projects in our markets. As we move forward in 2015, we continue to see excellent acquisition opportunities in our target markets and we are well situated to further execute on our growth strategy."