TopBuild To Acquire Specialty Products & Insulation In All-Cash Transaction Valued At $960M
Portfolio Pulse from Benzinga Newsdesk
TopBuild Corp. (NYSE:BLD) has announced plans to acquire Specialty Products & Insulation (SPI) in an all-cash transaction valued at $960 million. SPI, a portfolio company of Incline Equity Partners, is a leading distributor and custom fabricator of mechanical insulation and a specialty distributor of building insulation. The acquisition is expected to expand TopBuild's specialty distribution footprint, enhance fabrication capabilities, and grow recurring revenue streams. The transaction is expected to result in $35M to $40M of run-rate cost synergies.
July 27, 2023 | 8:48 pm
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TopBuild's acquisition of SPI is expected to enhance its distribution footprint and recurring revenue streams, potentially boosting its financial performance.
The acquisition of SPI is expected to enhance TopBuild's distribution capabilities and grow its recurring revenue streams. This could potentially lead to increased revenues and profitability for the company, positively impacting its stock price.
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