From Pulse 2.0 · Amit Chowdhry · · 1m 20s
Old Dominion Group Joins Installed Building Products
Installed Building Products acquires Old Dominion Group for $698 million to expand commercial installation platform.
In brief
Installed Building Products acquires Old Dominion Group for $698 million to expand commercial installation platform. Installed Building Products acquired Old Dominion Group for $698 million, creating a $420 million commercial installation platform with 28% revenue contribution. Originally reported by Pulse 2.0.
Acquisition Details
Installed Building Products acquired Old Dominion Group at an enterprise value of $698 million, net of $27 million in transaction bonuses.
Funding Structure
The consideration was funded with approximately 60% cash and 40% company shares issued to Old Dominion shareholders.
Old Dominion Financials
Old Dominion generated approximately $370 million in revenue and $68 million in adjusted EBITDA during the 12 months ended September 30, 2026.
Combined Platform Size
Its addition combines with Installed Building Products’ existing $50 million commercial mechanical insulation business to create a roughly $420 million platform.
Revenue Impact
The acquisition increases the buyer’s commercial revenue contribution from approximately 20% to 28%.
Cost Savings
Installed Building Products expects $6 million to $8 million in annualized cost savings within 24 months, principally through procurement and administrative efficiencies.
Leadership and Ownership
Old Dominion will retain its regional brands and existing operating leadership under CEO Jeff Davoud. Approximately 75 leaders and managers will have equity ownership opportunities aligned with the combined company.
What matters most
Installed Building Products acquired Old Dominion Group for $698 million, creating a $420 million commercial installation platform with 28% revenue contribution.
