TopBuild To Acquire Insulation Works; Insulation Works Has Three Locations Across Arkansas And Generates ~$28M In Annual Revenue; Financial Terms Of The Transaction Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
TopBuild Corp. (NYSE:BLD) is set to acquire Insulation Works, a company based in Arkansas with three locations and an annual revenue of approximately $28M. Insulation Works specializes in insulation services for residential, light commercial, and agricultural buildings. The acquisition, which is expected to close in May, aligns with TopBuild's M&A strategy to enhance its residential and commercial business and expand into the agricultural insulation market. Financial terms of the transaction were not disclosed.
May 06, 2024 | 8:46 pm
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POSITIVE IMPACT
TopBuild's acquisition of Insulation Works is expected to strengthen its market position in insulation services across residential, commercial, and agricultural sectors, with Insulation Works bringing in $28M in annual revenue.
The acquisition of Insulation Works by TopBuild is directly relevant to BLD's core business and strategic growth objectives. Insulation Works' established presence in Arkansas and its $28M annual revenue can significantly contribute to TopBuild's overall market share and revenue. The positive impact is anticipated due to the strategic fit and potential for future growth in the insulation market, especially in the agricultural sector which is a new avenue for TopBuild.
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IMPORTANCE 80
RELEVANCE 90