Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, September 17, 2021

Article Excerpt

TOPBUILD CORP., $225.44, symbol BLD on New York, is a leading installer of insulation and building materials for the construction industry. It provides these services for both residential and commercial builders through 235 Tru Team locations across the U.S. The company also distributes these products from 75 Service Partner locations across the U.S. TopBuild continues to grow by acquisitions. Since its founding in 1986, it has completed 26 acquisitions, including 11 in the past six years. Approximately 75% of its business is now residential, with 25% from non-residential commercial customers. On September 8, 2021, the company announced it would acquire Distribution International from private equity firm Advent International for $1.0 billion in cash. Distribution International is the leading North American specialty distributor and custom fabricator of mechanical insulation and related accessories to the industrial and commercial end-markets. The company has grown significantly through both market share gains and acquisitions; it has, in fact, completed 11 transactions over the past six years and now…

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