TopBuild Enters Agreement To Acquire All Assets Of Best Insulation; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
TopBuild has entered into an agreement to acquire all assets of Best Insulation. The latter generated approximately $100 million in revenue for the trailing twelve months ending April 30, 2023. The transaction is expected to close within seven business days.
July 11, 2023 | 10:48 am
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TopBuild's acquisition of Best Insulation could potentially boost its revenue stream, given the latter's recent $100 million revenue. The deal is expected to close soon.
The acquisition of a company that has generated significant revenue in the past year is likely to have a positive impact on TopBuild's financial performance. This could potentially lead to a positive reaction from the market, driving the stock price up in the short term.
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