DAYTONA BEACH, Fla.,
June 9, 2017 /PRNewswire/ --
TopBuild Corp. (NYSE: BLD) the leading purchaser,
installer and distributor of insulation products to the U.S.
construction industry, has acquired Canyon Insulation, a heavy
commercial insulation and firestopping company headquartered in
Corona, California with branches
in San Diego and Livermore.
For the twelve months ended December 31,
2016, Canyon Insulation generated approximately $28 million in annual revenue.
Jerry Volas, Chief Executive
Officer of TopBuild stated, "Canyon Insulation is an outstanding
acquisition for TopBuild. It broadens our heavy commercial
footprint and expands our West Coast market share. Canyon was
founded in 2005 by Ken Sirls, a
30-year industry veteran, and has experienced strong growth. The
company has a solid team of experienced installers and strong
relationships with key general contractors in the region. Ken
will continue to lead Canyon Insulation as part of TruTeam's
management."
About TopBuild
TopBuild 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 Contact
Tabitha Zane
tabitha.zane@topbuild.com
386-763-8801
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SOURCE TopBuild Corp.