TopBuild Acquires Two Residential Insulation Installation Companies For Undisclosed Sum

TopBuild Acquires Two Residential Insulation Installation Companies For Undisclosed Sum
  • TopBuild Corp BLD has acquired Tonks Insulation in St. George, Utah, and Shepherds Insulation in Pueblo, Colorado. Deal terms were not disclosed.
  • Combined, these companies generated approximately $6 million of revenue in 2020.
  • TopBuild held cash and cash equivalents of $327.9 million as of September 30, 2021.
  • Year-to-date, TopBuild has completed ten acquisitions which are expected to generate approximately $1 billion of annual revenue.
  • Price Action: BLD shares are trading higher by 1.07% at $264.21 on the last check Tuesday.

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