Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Installed Building Products / Equity Bottom-Up

<ul><li>Installed Building Products has made headlines with its latest strategic move: the acquisition of Echols Glass & Mirror and Vanderkoy Bros. Announced in October 2025, these acquisitions together contribute over $16 million in annual revenue and are part of a broader 2025 initiative that has added $55 million in acquired revenue to date.</li><li>This expansion effort comes during a time of elevated interest rates and persistent housing affordability challenges, which have slowed single-family starts across the U.S. IBP, however, remains focused on geographic expansion and end-market diversification as it positions itself to weather current headwinds.</li><li>The company is targeting over $100 million in acquired revenue for the year and views bolt-on acquisitions as a means to expand both regional presence and complementary product offerings.</li></ul>

Installed Building Products has made headlines with its latest strategic move: the acquisition of Echols Glass & Mirror and Vanderkoy Bros. Announced in October 2025, these acquisitions together contribute over $16 million in annual revenue and are part of a broader 2025 initiative that has added $55 million in acquired revenue to date.This expansion effort comes during a time of elevated interest rates and persistent housing affordability challenges, which have slowed single-family starts across the U.S. IBP, however, remains focused on geographic expansion and end-market diversification as it positions itself to weather current headwinds.The company is targeting over $100 million in acquired revenue for the year and views bolt-on acquisitions as a means to expand both regional presence and complementary product offerings.

Installed Building Products (IBP) Just Made Two Game-Changing Acquisitions—Is This the Start of a Massive Growth Spree?