Installed Building Products Announces Acquisition of Insulation Installer in New York Metropolitan Area

Installed Building Products, Inc. (the "Company")

, an industry-leading installer of insulation and other complementary building products, announced today the acquisition of EcoLogic Energy Solutions ("EcoLogic") based in Stamford, Connecticut. EcoLogic is primarily an installer of spray foam and fiberglass insulation serving the Connecticut, New York and Northern New Jersey markets. Approximately half of EcoLogic's sales are in the new residential end market with the remainder split largely between commercial and repair and remodel activity. EcoLogic's sales for the trailing twelve month period ending April 30, 2015 were approximately $6.0 million. "We are pleased to announce the addition of the EcoLogic team as we continue to strengthen our position in the New York Metropolitan area," stated Jeff Edwards, Chairman and Chief Executive Officer of IBP. "Ecologic complements our strategic growth objectives and further diversifies our product and end market exposure. We expect this transaction to be immediately accretive as we integrate these assets onto our platform. Building on our robust acquisition activity to date, we remain committed to further capitalizing on the significant expansion opportunities in our strong deal pipeline to continue improving our business."