Installed Building Products to acquire Old Dominion Group for $698 million

• Installed Building Products is acquiring commercial mechanical insulation provider Old Dominion Group for $698 million.
• Consideration comprises 60% cash and 40% IBP common stock; the price excludes $27 million for transaction bonuses and management incentive funding.
• Expected annualized cost synergies total $6 million to $8 million within 24 months, primarily from procurement scale and administrative efficiencies.
• The acquisition is expected to immediately boost revenue growth, adjusted margins and adjusted earnings per share.
• The deal expands commercial end-market exposure to approximately 28% of revenue, strengthening the buyer's mechanical and industrial installation platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Installed Building Products Inc. published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.