TopBuild Corp. completed the acquisition of Assets of Pest Control Insulation, LLC.
February 06, 2024
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TopBuild Corp. (NYSE:BLD) entered into an agreement to acquire Assets of Pest Control Insulation, LLC for $13.3 million on January 29, 2024. The purchase price of approximately $13.3 million will be funded by cash on hand. Transaction is expected to close in early March 2024.
TopBuild Corp. (NYSE:BLD) completed the acquisition of Assets of Pest Control Insulation, LLC on February 7, 2024. In 2023, Pest Control Insulation generated approximately $24 million of revenue.
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.