TopBuild Acquires Valley Gutter Supply For Undisclosed Sum

TopBuild Corp BLD has acquired Valley Gutter Supply, a fabricator and distributor of gutter products and specialty metals to contractors in the Los Angeles area, for undisclosed financial terms.
The majority of the Valley Gutter's customers serve the residential market, with the remainder serving light commercial. The company generated ~$10 million in revenue for the trailing twelve months ended June 30, 2021.
This acquisition will enhance Service Partner's gutter fabrication and distribution capacity throughout the state of California.
TopBuild has completed six acquisitions year-to-date that are expected to generate ~$230 million in annual revenue.
TopBuild held cash and cash equivalents of $261.7 million as of June 30, 2021.
Price Action: BLD shares traded higher by 0.18% at $217.07 on the last check Monday.

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