TopBuild Acquires SRI Holdings
January 26 2023 - 4:15PM
TopBuild Corp. (NYSE:BLD), a
leading installer and specialty distributor of insulation and
related building material products to the construction industry in
the United States and Canada, has acquired the assets of the
residential insulation business of SRI Holdings, LLC. Through this
acquisition TopBuild enhances its presence in Georgia, Michigan,
Ohio, Florida, Alabama and South Carolina. SRI was founded in 2012
and generated approximately $62 million in revenue for the twelve
months ended November 30, 2022.
Robert Buck, President and CEO of TopBuild,
noted, “We welcome the SRI team to TopBuild and are excited to add
this high-quality company to our Installation segment. SRI has an
excellent reputation in the markets in which it operates, and its
focus on advancing the lives of their employees and communities
fits well with TopBuild’s culture.”
About TopBuildTopBuild Corp.,
headquartered in Daytona Beach, Florida, is a leading installer and
specialty distributor of insulation and related building material
products to the construction industry in the United States and
Canada. We provide insulation installation services nationwide
through our contractor services business which has approximately
230 branches located across the United States. We distribute
building and mechanical insulation, insulation accessories and
other building product materials for the residential, commercial,
and industrial end markets through our Specialty Distribution
business. Our specialty distribution network encompasses
approximately 180 branches. 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.com386-763-8801
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