Columbus, Ohio-based Installed Building Products, Inc., an industry-leading installer of insulation and complementary building products, announced on Monday the acquisition of Combee Insulation Company, Inc., Combee Foam Products, Inc. and Air Tight Diagnostics, LLC. 

In a Dec. 11 news release, IBP said that Combee, founded in 1970 and headquartered in Lakeland, Fla., installs a diverse mix of building products, including fiberglass insulation, spray foam insulation, and garage doors, primarily into new residential construction projects throughout the greater Central Florida area.

"With approximately $16.5 million of annual revenue, Combee expands our presence to serve single-family, multifamily, and commercial customers throughout Central Florida," Jeff Edwards, IBP chairman and CEO, said. 

Installed Building Products, Inc. is a national installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving, mirrors and other products for residential and commercial builders.  

“To date, in 2023, we have acquired approximately $75 million of annual revenue [and] acquisitions remain a key component of our growth strategy; we continue to have a robust pipeline of opportunities across multiple geographies, products, and end markets,” Edwards added. 

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