TopBuild Acquires Santa Rosa Insulation and Fireproofing
January 22 2018 - 6:45AM
TopBuild Corp. (NYSE:BLD), the leading purchaser,
installer and distributor of insulation products to the U.S.
construction industry, has acquired Santa Rosa Insulation and
Fireproofing (“Santa Rosa”), a residential and commercial
insulation company which has been providing installation services
to the greater Miami area for over 35 years. For the twelve
months ended December 31, 2017, Santa Rosa generated approximately
$6 million in annual revenue.
Jerry Volas, Chief Executive Officer of TopBuild
stated, “Santa Rosa will increase our market share in the greater
Miami region, an area of the country we believe has outsized growth
prospects. The company has strong customer relationships and
an experienced labor force with demonstrated foam insulation and
fireproofing expertise. The two former owners, Raul Puig and
Luis Garcia, have joined Topbuild and will continue to grow and
manage the business.”
Year-to-date, TopBuild has completed two
acquisitions with annual revenues totaling approximately $33.6
million. Since August 2016, the Company has completed nine
acquisitions with a combined positive net sales impact of
approximately $121 million.
About TopBuildTopBuild Corp.,
headquartered in Daytona Beach, Florida, is the leading purchaser,
installer and distributor of insulation products to the U.S.
construction industry. We provide insulation services nationwide
through TruTeam®, which has over 175 branches and our Service
Partners® business distributes insulation from over 70
branches. We leverage our national footprint to gain
economies of scale while capitalizing on our local market presence
to forge strong relationships with our customers. To learn
more about TopBuild please visit our website at
www.topbuild.com.
Investor Relations and Media
ContactTabitha
Zanetabitha.zane@topbuild.com386-763-8801
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