TopBuild Acquires Valley Insulation
Enhances Company's Position in Central Virginia
DAYTONA BEACH, Fla., Aug. 16, 2016 /PRNewswire/ -- TopBuild Corp. (NYSE:BLD) the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, has acquired Valley Insulation, a residential insulation company founded in 2008 with operating locations in Waynesboro and Dayton, Virginia. For the trailing twelve months ended June 30, 2016, Valley Insulation generated approximately $4.5 million in annual revenue.
Jerry Volas, Chief Executive Officer of TopBuild stated, "Valley Insulation is a terrific addition to TopBuild and TruTeam, our installation business. It strengthens our market position in Central Virginia with its broad customer base that includes custom as well as regional builders. We are also pleased to welcome Steve Riley and the Valley Installation team to our Company. Steve will continue to lead Valley Insulation and focus on the continued expansion of our business in this region."
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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/topbuild-acquires-valley-insulation-300314353.html
SOURCE TopBuild Corp.
Released August 16, 2016