TopBuild Enters Agreement To Acquire Assets Of Pest Control Insulation; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
TopBuild has agreed to acquire the assets of Pest Control Insulation, which generated around $24 million in revenue in 2023. The deal is expected to close within 30 days, though the terms were not disclosed.
February 01, 2024 | 9:33 pm
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TopBuild's acquisition of Pest Control Insulation, a company with $24 million in revenue for 2023, is expected to close within 30 days. Terms of the deal were not disclosed.
The acquisition of Pest Control Insulation by TopBuild is likely to have a positive short-term impact on BLD's stock price. The acquisition adds a company with significant revenue to TopBuild's portfolio, indicating growth and expansion. Although the terms were not disclosed, the revenue figure of $24 million for 2023 suggests that Pest Control Insulation is a valuable asset. The expected closing within 30 days adds a time-sensitive aspect to the news, potentially increasing investor interest and stock price in the short term.
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