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Benzinga
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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