TopBuild Corp. acquired Santa Rosa Insulation & Fireproofing, LLC for approximately $5.8 million.
January 21, 2018
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TopBuild Corp. (NYSE:BLD) acquired Santa Rosa Insulation & Fireproofing, LLC on January 18, 2018. Santa Rosa generated approximately $6 million in annual revenue for the twelve months ended December 31, 2017.
TopBuild Corp. (NYSE:BLD) completed the acquisition of Santa Rosa Insulation & Fireproofing, LLC for approximately $5.8 million on January 18, 2018. The purchase price was funded by cash on hand.
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. This segment operates approximately 240 branches located across the United States. 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. The Companyâs customer base consists of insulation contractors of various sizes.