TopBuild Corp. acquired Substantially All the Assets of Billings Insulation for $6.9 million.
February 06, 2022
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TopBuild Corp. (NYSE:BLD) acquired Substantially All the Assets of Billings Insulation for $6.9 million on February 3, 2022. The purchase price of $6.9 million was funded with cash on hand. Billings approximately $6.5 million in revenue for the twelve months ended December 31, 2021.
TopBuild Corp. (NYSE:BLD) completed the acquisition of Substantially All the Assets of Billings Insulation on February 3, 2022.
TopBuild Corp. is an installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. The Company operates through two segments: Installation and Specialty Distribution. The Installation segment installs insulation and other building products. It installs other building products, including glass and windows, rain gutters, garage doors, closet shelving, and fireplaces. Its Installation customer base includes national and regional single-family homebuilders, single-family custom builders, and individual homeowners. The Specialty Distribution segment distributes building and mechanical insulation, insulation accessories, rain gutters and other building product materials for the residential and commercial/industrial end markets. Its customer base consists of thousands of insulation contractors of various sizes serving a variety of residential and commercial/industrial industries and gutter contractors.
TOPBUILD CORP. 
