I'm trying to learn how to do this myself, and it seems you can install the library like this:
cmake_minimum_required(VERSION 2.4.0)
project(mycustomlib)
# Find source files
file(GLOB SOURCES src/*.cpp)
# Include header files
include_directories(include)
# Create shared library
add_library(${PROJECT_NAME} SHARED ${SOURCES})
# Install library
install(TARGETS ${PROJECT_NAME} DESTINATION lib/${PROJECT_NAME})
# Install library headers
file(GLOB HEADERS include/*.h)
install(FILES ${HEADERS} DESTINATION include/${PROJECT_NAME})