TopBuild Acquires Capital Insulation
DAYTONA BEACH, Fla., March 30, 2017 /PRNewswire/ -- TopBuild Corp. (NYSE: BLD) the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, has acquired Capital Insulation, a residential insulation company based in Sacramento, California. For the trailing twelve months ended December 31, 2016, Capital Insulation generated approximately $7.0 million in annual revenue.
Jerry Volas, Chief Executive Officer of TopBuild stated, "Capital Insulation is a solid addition to TruTeam and strengthens our position in this growing market. The three owners, Jeff Cable, Erik Steiger and Chris Ammons, have extensive sales and operating experience and long-term relationships with builders in the area and they all plan to remain with our Company to 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.
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SOURCE TopBuild Corp.
Released March 30, 2017