USI Acquires Cardalls Insulation

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Feb 23, 2015, 09:00 ET

SALT LAKE CITY, Feb. 23, 2015 /PRNewswire/ -- USI, a leading national construction services provider of installed insulation and related services to builders, contractors and homeowners, today announced the acquisition of Cardalls Insulation, a Logan, Utah-based full-line insulation services contractor. The transaction brings together two of Utah's leading service providers.

Founded in 2001 by Joe Cardall, family-run Cardalls Insulation has shown steady growth and employs approximately 125 personnel across four offices in Salt Lake City, Logan, Provo and Idaho Falls.

After closing, Alan and Nancy Cardall will retire from the business and Joe Cardall will become Branch Manager. USI will now employ nearly 350 personnel across Utah and Idaho.

"We are excited to increase our service presence in Utah and Idaho with this acquisition," said L.W. Varner Jr., President and Chief Executive Officer, USI. "The prospect of bringing Cardalls expertise, valued people and assets to USI is a significant opportunity for us. We expect a smooth transition and enhanced value for both our current and future customers."

"As competitors, we always had the utmost respect for the values, quality and professionalism of USI," said Joe Cardall. "Now as one company, our combined best practices and focus on service leaves me very optimistic about the future."

Local Knowledge, National Strength
Varner said the company's expansion in Utah and Idaho is indicative of the future growth prospects of commercial and residential construction in the region.

USI has become a leading building solutions provider in the United States by combining local market savvy with outstanding employees, superior technology, and the infrastructure of a national network. With more than 35 locations, USI provides the nation's residential and commercial contractors with a wide range of construction services.

Recently, USI has supported building projects in Utah and Idaho including the Huntsman Cancer Institute, the Provo Utah Temple, Brigham Young University and the Utah Data Center.

"The USI growth trajectory in the area reflects the company's overall momentum," said Varner. "By delighting our customers, we grow organically and as well as through strategic opportunities like Cardalls."

About USI
USI (formerly referred to as United Subcontractors Incorporated) was founded in 1998, and is a market leader in installing insulation, windows, glass, mirrors, shelving, fireproofing and other residential and commercial producers for buildings, contractors and homeowners. Headquartered in St. Paul, Minn., the company employs more than 1,600 personnel in 35+ locations.
Learn more at www.usiinc.com.

SOURCE USI