Installed Building Products Announces The Acquisition Of Surface Purveyors, Llc Dba Lynch Insulation
Nov 14, 2022•over 2 years ago
Acquiring Company
Installed Building Products
Acquired Company
Surface Purveyors
Description
Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the acquisition of Surface Purveyors, LLC doing business as Lynch Insulation (“Lynch”). Established in 1979, Lynch has locations in Missoula, MT and Hamilton, MT. Lynch primarily installs fiberglass and spray foam insulation into multifamily, residential, and commercial projects in Montana.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed