Installed Building Products Acquires DESI; Repurchases $51.2M Shares
Installed Building Products, Inc. announced the completion of its acquisition of Diamond Energy Systems, Inc. (DESI), a mechanical insulation specialist. This acquisition adds approximately $12 million in annual revenue and expands IBP's offerings in the Upper Midwest. Year-to-date, IBP has acquired approximately $40 million in annual revenue. Additionally, the company repurchased about 240 thousand shares of its common stock for $51.2 million in May, with $425 million remaining in its repurchase program.
Key Highlights
- Installed Building Products completed the acquisition of Diamond Energy Systems, Inc. (DESI).
- The DESI acquisition adds approximately $12 million in annual revenue.
- The acquisition expands mechanical insulation offerings in the Upper Midwest region.
- Year-to-date 2026, IBP has acquired approximately $40 million in annual revenue.
- IBP repurchased approximately 240 thousand shares of common stock in May.
- The total cost of share repurchases was $51.2 million through May 18, 2026.
- Approximately $425 million remains available under the stock repurchase program.
Price Impact
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