TopBuild Acquires Garland Insulating
October 01 2020 - 4:30PM
TopBuild Corp.
(NYSE:BLD)
the leading installer and distributor of insulation and building
material products in the United States, has acquired Garland
Insulating, one of the largest locally owned and operated
insulation companies in Texas and Colorado. Founded in 1946 and
serving the Texas market for over 70 years, Garland generated
approximately $60 million in revenue for the trailing twelve months
ended June 30, 2020.
Garland’s footprint includes branches in:
- Houston
- Dallas-Fort Worth
- Austin
- San Antonio
- College Station
- Denver
Garland services a wide range of customers
including production and custom builders, multi-family developers
and individual homeowners.
Jerry Volas, Chief Executive Officer of TopBuild
stated, “Garland is an outstanding addition to TruTeam,
significantly expanding our footprint in the high-growth state of
Texas. It has an excellent reputation and long-term customer
relationships.”
Robert Buck, President and COO of TopBuild
noted, “We expect a smooth transition as Garland is quickly moved
on to our common ERP platform and supply chain. We are particularly
pleased the owner’s son, Hayden Drum, President and Chief Executive
Officer, and daughter, Ahndrea Gamboa, Executive Vice President of
Operations, will be joining TruTeam. Their depth of experience and
knowledge of the Texas markets will be invaluable as we continue to
grow in this region.”
Year-to-date, the Company has completed three
acquisitions which are expected to generate approximately $79
million of annual revenue.
About
TopBuildTopBuild Corp., a Fortune
1000 Company headquartered in Daytona Beach, Florida, is a leading
installer and distributor of insulation and building material
products to the U.S. construction industry. We provide insulation
and building material services nationwide through TruTeam®, which
has close to 200 branches, and through Service Partners® which
distributes insulation and building material products from over 75
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
TopBuild (NYSE:BLD)
Historical Stock Chart
From May 2024 to Jun 2024
TopBuild (NYSE:BLD)
Historical Stock Chart
From Jun 2023 to Jun 2024