Executive Pay

Two large pipes wrapped in silver foil-faced insulation rising out of the ground inside a metal-framed enclosure against a grey louvred wall, with black bollards on either side.

Installed Building Products Paid $698 Million for Old Dominion Group, 10.3 Times Its Earnings. It Set Aside Up to $180 Million More in Stock for 50 of the Seller's Staff.

Installed Building Products, the Columbus, Ohio insulation installer, said on 12 November 2026 that it had completed the purchase of Old Dominion Group, a commercial and industrial insulation and firestopping contractor, for an enterprise value of $698 million, about 60 per cent in cash. It also granted performance awards with a target value of $180 million to up to 50 Old Dominion employees.

By Margaret Holloway 9 hours ago

A grey single-storey warehouse with blue LKQ and Euro Car Parts signs above a loading door, white vans parked along its side and two cars in the forecourt.

Business

LKQ Replaced Its Chief Executive as Its European Margin Fell to as Little as 4.1 Per Cent. His Successor Gets $15.3 Million to Sign On.

LKQ, the auto-parts distributor, said on 23 October that Justin Jude has left as chief executive and that Salvatore Abbate, former head of Veritiv, will succeed him on 15 December. It withdrew its 2026 guidance and said preliminary third-quarter adjusted earnings fell to $0.47 to $0.53 a share from $0.84, with Europe's margin roughly halved. Full results are due on 29 October.

By Margaret Holloway October 25, 2026

Tagged stories

Installed Building Products Paid $698 Million for Old Dominion Group, 10.3 Times Its Earnings. It Set Aside Up to $180 Million More in Stock for 50 of the Seller's Staff.

LKQ Replaced Its Chief Executive as Its European Margin Fell to as Little as 4.1 Per Cent. His Successor Gets $15.3 Million to Sign On.