TopBuild to Acquire Insulation Works
Residential, Commercial and Agricultural Installer With Approximately $28 Million in Annual Revenue; Extends TopBuild’s Expertise to Agricultural Market
DAYTONA BEACH, Fla., May 06, 2024 (GLOBE NEWSWIRE) — TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire Insulation Works, based in Wickes, Ark. Insulation Works services the residential and light commercial end markets in Arkansas and the surrounding states, and agricultural buildings nationally. Insulation Works has three locations across Arkansas and generates approximately $28 million in annual revenue. The transaction is expected to close in May.
Robert Buck, President and CEO of TopBuild, said, “The addition of Insulation Works will enhance our residential and commercial business and provide expertise across the agricultural insulation market. It is another example of our disciplined M&A strategy of targeting businesses in our core area of insulation with strong leadership and potential for future growth. We are excited to welcome the team, including owner Brett Counts, as he continues his focus on growing the business.”
Iron Creek Business Advisors, LLC is serving as an advisor to Insulation Works.
About TopBuild
TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 240 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses approximately 170 branches. To learn more about TopBuild please visit our website at www.topbuild.com.
Safe Harbor Statement
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CONTACT: Investor Relations and Media Contact PI Aquino pi.aquino@topbuild.com 386-763-8801
