July 23, 2014 4:45 PM ET

Household Durables

Company Overview of Installed Building Products, Inc.

Company Overview

Installed Building Products, Inc. and its subsidiaries primarily install insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products for residential and commercial builders in the continental United States. The company offers a range of insulation materials, including fiberglass insulation, spray foam insulation, and cellulose insulation materials. It also provides installation of insulation and sealant materials in various areas of a structure, such as building envelopes, attics, basement and crawl spaces, and acoustical insulations. The company was formerly known as CCIB Holdco, Inc. Installed Building Products, Inc. was founded in 1977 and is base...

495 South High Street

Suite 50

Columbus, OH 43215

United States

Founded in 1977

3,200 Employees

Phone:

614-221-3399

Fax:

614-221-3389

Key Executives for Installed Building Products, Inc.

Chairman
Age: 50
Total Annual Compensation: $83.1K
Chief Financial Officer
Age: 50
Total Annual Compensation: $201.0K
Chief Operating Officer
Age: 53
Total Annual Compensation: $194.9K
Compensation as of Fiscal Year 2013.

Installed Building Products, Inc. Key Developments

Installed Building Products, Inc. Announces $100 Million Senior Secured Credit Facility

Installed Building Products, Inc. announced that it has entered into a new five year, $100 million senior secured credit facility. The credit facility consists of a $75 million revolving line of credit and a $25 million term loan. Borrowings under the senior credit facility will bear interest at a rate of LIBOR plus a spread of 1.25% to 2.25%, depending on IBP's leverage ratio. The new credit facility will be available for working capital needs, general corporate purposes and growth initiatives. This new credit facility replaces the company's prior $50 million revolving credit facility, which was scheduled to mature in May 2016. The credit facility was led by a syndicate of financial institutions including KeyBank National Association as lead arranger, sole book runner and administrative agent, Suntrust Bank as syndication agent, Royal Bank of Canada, Associated Bank, Branch Banking & Trust Company and The Huntington National Bank.

IBP Eyes Acquisitions

Installed Building Products, Inc. (NYSE:IBP) is looking for acquisition opportunities. IBP has filed a follow-on offering for an aggregate of 9,314,196 shares for $12.50 per share. IBP intends to use such proceeds for general corporate purposes, which may include acquisitions.

Installed Building Products, Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 08:00 AM

Installed Building Products, Inc. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 08:00 AM. Venue: InterContinental Hotel, Boston, Massachusetts, United States.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 25, 2014
US Insulation Corp.
 

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