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Benzinga

Business

Akanksha Bakshi

TopBuild Acquires Billings Insulation For Undisclosed Sum

TopBuild Montana NYSE

TopBuild Corp (NYSE:BLD) acquired Billings Insulation, a residential insulation installer serving the Montana and Northern Wyoming markets. Deal terms were not disclosed.
Billings has serviced a wide range of customers for over 17 years and generated ~$6.5 million in revenue for the twelve months ended December 31, 2021.
"We welcome Billings to TruTeam and are pleased to note that since November, we have added three residential insulation installation companies to TopBuild," said CEO Robert Buck.
TopBuild held cash and equivalents of $327.9 million as of September 30, 2021.
Price Action: BLD shares are trading higher by 0.80% at $228.30 on the last check Monday.

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