TopBuild Acquires Ozark Foam
March 03 2021 - 5:25PM
TopBuild Corp. (NYSE:BLD) a
leading installer and distributor of insulation and building
material products in the United States, has acquired Ozark Foam, a
residential and light commercial insulation company that primarily
installs spray foam insulation. Founded in 1995 and serving
customers in Missouri, Arkansas and Oklahoma, Ozark Foam generated
approximately $7.7 million in revenue in 2020.
Robert Buck, President and CEO of TopBuild
noted, “Ozark Foam is a terrific addition to our TruTeam
installation business with a strong customer base and an
experienced team of installers. We are also pleased that the two
former owners, Randi and Tami Williams, have joined the TopBuild
team. They will continue to manage and help us grow this
business.”
Year-to-date, TopBuild has completed two
acquisitions which are expected to generate close to $66 million of
annual revenue and has entered into an agreement for another
acquisition which is expected to generate an additional $144
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 approximately 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.
Safe Harbor StatementThis press release
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act. These forward-looking
statements may address, among other things, our expected financial
and operational results and the related assumptions underlying our
expected results. These forward-looking statements are
distinguished by use of words such as “will,” “would,”
“anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,”
the negative of these terms, and similar references to future
periods. These views involve risks and uncertainties
that are difficult to predict and, accordingly, our actual results
may differ materially from the results discussed in our
forward-looking statements. Our forward-looking
statements contained herein speak only as of the date of this press
release. Factors or events that we cannot predict, including
those described in the risk factors contained in our filings with
the Securities and Exchange Commission, may cause our actual
results to differ from those expressed in forward-looking
statements. Although TopBuild believes the expectations
reflected in such forward-looking statements are based on
reasonable assumptions, the Company can give no assurance that its
expectations will be achieved and it undertakes no obligation to
update any forward-looking statements as a result of new
information, future events, or otherwise, except as required by
applicable law.
Investor Relations and Media
ContactTabitha
Zanetabitha.zane@topbuild.com 386-763-8801
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