Deal Summary
McColl Partners, LLC recently advised the nation's third-largest insulation installer, Installed Building Products, LLC (“IBP”), on a recapitalization totaling over $100 million in new capital. Stonehenge Partners, Inc. and Primus Venture Partners, Inc. led the equity recapitalization while the debt recapitalization included Merrill Lynch Capital, Huntington National Bank, Fifth Third Bank, CapitalSource Finance, LLC, and Oaktree Capital Management, LLC. Eric Andreozzi and John Deering led McColl Partners’ execution of this transaction and were supported by John Fennebresque, Jr., Wes Bieligk, and David Sheffer.

IBP is engaged primarily in the installation of insulation and basement waterproofing for residential homes. “This recapitalization will significantly increase our ability to continue our rapid growth strategy in 2004 and beyond," said Michael Miller, IBP’s CFO. "Furthermore, we are excited to bring new partners onto the IBP platform that will assist the company with developing its operational and strategic objectives."

About Installed Building Products, LLC
Headquartered in Columbus, Ohio, IBP is a leading installer of building products, including insulation, basement waterproofing, gutters, shelving, shower doors, and mirrors, principally in single- and multi-family residential homes in New England and the Midwestern region of the United States. The Company has completed over 20 acquisitions during the last 3 years to become the third-largest insulation installer in the United States. IBP operates in 16 contiguous states from Colorado to Maine and is led by Jeff Edwards, the Company’s CEO.

About McColl Partners
McColl Partners is an independent investment banking firm specializing in the needs of management
and owners of middle-market companies. With significant experience working with entrepreneurs,
family-owned businesses, public companies, private equity groups, and divisions of larger companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.

To learn more about our expertise in the building products industry, please call Eric Andreozzi at
704-333-0525. To learn more about our capital raising expertise, please call John Deering at
704-333-0574. More information about McColl Partners can be found at www.mccollpartners.com.