Installed Building Products Announces the Acquisition of Interior 2000 Products, LLC and R-Pro Select, LLC

Interior 2000 Acquisition Adds Approximately $6 Million of Annual Revenue

Also Acquired R-Pro Select, LLC with Approximately $2 Million of Annual Revenue

Aug. 28, 2023– Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Interior 2000 Products, LLC (“Interior 2000”). Established in 1999, Interior 2000 installs shower, shelving, and mirror products, as well as fireplaces into new and existing residential and commercial construction projects throughout the greater Richmond, Virginia market.

On August 6, IBP completed the acquisition of R-Pro Select, LLC (“R-Pro”), a Fletcher, North Carolina based installer of fiberglass, spray foam, cellulose insulation, and fireplaces to residential customers primarily in Asheville, Hendersonville, and the surrounding communities of western North Carolina.

“Interior 2000 increases our footprint throughout the greater Richmond market with nearly $6 million of annual revenue and complements our existing residential insulation installation branch,” stated Jeff Edwards, Chairman and Chief Executive Officer. “In addition, our recent acquisition of R-Pro increases our presence within the western North Carolina region. To date in 2023, we have acquired over $55 million of annual revenue. Acquisitions remain a key component of our growth strategy and we continue to have a robust pipeline of opportunities across multiple geographies, products, and end markets. On behalf of everyone at Installed Building Products, I want to welcome Interior 2000 and R-Pro onto our team.”

About Installed Building Products

Installed Building Products, Inc. is one of the nation’s largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects in all 48 continental states and the District of Columbia from its national network of over 240 branch locations.

Source: Installed Building Products, Inc.