TopBuild Acquires Two Residential Insulation Installation Companies
TopBuild Corp. (BLD)
NASDAQ:AMEX Investor Relations:
topbuild.com/investors/overview/default.aspx
Company Research
Source: GlobeNewswire
DAYTONA BEACH, Fla., Nov. 09, 2021 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the North American construction industry, has acquired Tonks Insulation in St. George, Utah, and Shepherds Insulation in Pueblo, Colorado. Combined, these companies generated approximately $6 million of revenue in 2020. Robert Buck, President and CEO of TopBuild, noted, “We are pleased to welcome Tonks Insulation and Shepherds Insulation to TruTeam. Tonks has been serving the southern Utah markets for over 10 years and the founder, Gary Tonks, will continue to manage and help us grow this business. Shepherds has been servicing the Colorado market for many years and brings a mix of both residential and light commercial business. “Looking ahead, our M&A pipeline remains robust and includes installation and specialty distribution companies in all three end-markets we serve: residential, commercial and industria
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News
- Why TopBuild (BLD) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- TopBuild Corp. (NYSE: BLD) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $425.00 price target on the stock.MarketBeat
- TopBuild Announces Mutual Termination of Agreement to Acquire Specialty Products and Insulation [Yahoo! Finance]Yahoo! Finance
- TopBuild Announces Mutual Termination of Agreement to Acquire Specialty Products and InsulationGlobeNewswire
- TopBuild's (NYSE:BLD) earnings growth rate lags the 40% CAGR delivered to shareholders [Yahoo! Finance]Yahoo! Finance
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