TopBuild Acquires Insulating Products For Undisclosed Sum

TopBuild Corp BLD has acquired Insulating Products, Inc., a residential and light commercial insulation distribution company headquartered in Lewisville, Texas. Deal terms were not disclosed.
Insulating Products has additional facilities in Houston, San Antonio, Oklahoma City, and Wichita and generated ~$11 million in revenue for the trailing twelve months ended September 30, 2021.
"Insulating Products will enhance the strength of our specialty distribution business as it brings a strong and long-standing customer base and expands our geographic presence in the high growth Southwest region," said CEO Robert Buck.
TopBuild held cash and equivalents of $327.9 million as of September 30, 2021.
Price Action: BLD shares are trading higher by 0.22% at $265.03 on the last check Thursday.