TopBuild To Acquire Shannon Global Energy Solutions, Expanding Mechanical Insulation Offerings With $11M Annual Revenue; Deal Expected To Close In Q4; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
TopBuild Corp. is set to acquire Shannon Global Energy Solutions, enhancing its mechanical insulation offerings. The acquisition, expected to close in Q4, will add $11 million in annual revenue to TopBuild. The terms of the deal have not been disclosed.
October 30, 2024 | 9:14 pm
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TopBuild Corp. is acquiring Shannon Global Energy Solutions, which will expand its mechanical insulation offerings and add $11 million in annual revenue. The deal is expected to close in Q4.
The acquisition of Shannon Global Energy Solutions by TopBuild Corp. is likely to positively impact BLD's stock price in the short term. The addition of $11 million in annual revenue and the expansion of mechanical insulation offerings are significant growth factors. The expected closure in Q4 suggests a timely integration, which is favorable for investors.
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