TopBuild to Acquire Pest Control Insulation
February 01 2024 - 4:15PM
TopBuild Corp. (NYSE:BLD), a
leading installer and specialty distributor of insulation and
building material products to the construction industry in the
United States and Canada, has entered into an agreement to acquire
the assets of Pest Control Insulation, a specialty distribution
company focused on blended, customized insulation products,
accessories, and equipment for sale exclusively to the pest control
industry. Pest Control Insulation’s national customer base includes
some of the largest pest control services companies in the country.
In 2023, Pest Control Insulation generated approximately $24
million of revenue. The transaction is expected to close within 30
days.
Robert Buck, President and CEO of TopBuild,
noted, “Pest Control Insulation is an excellent addition to our
Specialty Distribution segment. Their specialized fiberglass and
custom blended cellulose products differentiate their service
offering and their customer base includes a roster of blue-chip
pest control companies.
“We are also excited that one of the owners of
Pest Control Insulation is joining TopBuild where he will focus on
the continued growth of this specialty distribution business
throughout the country. He leads a strong and dedicated team, and
we welcome all of them to our Company.”
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 Installation segment which has approximately 240
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 170
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,”
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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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