TopBuild Corp. BLD acquired Texas Insulation from Energy One America, expanding its reach and product offering in Dallas, Houston, and Austin.
Texas Insulation installs spray foam and fiberglass insulation for customers in the residential and light commercial end markets. The acquired company will expand BLD’s spray foam capabilities in an important and growing geography.
Acquisitions are an important part of TopBuild’s growth strategy to supplement organic growth and expand access to additional markets and products. On May 3, TopBuild entered into an agreement to acquire the residential insulation business — Insulation Works, Inc. BLD is expected to acquire GreenSpace Insulation under the installation segment.
On Mar 1, TopBuild acquired the residential insulation business Morris Black and the customized insulation products and accessories business Pest Control Insulation or PCI. Morris Black is included under its installation segment, which expanded the company’s presence in the Pennsylvania market, while PCI is included under the specialty distribution segment. On Feb 15, the company acquired the assets of the residential and light commercial insulation business, Brabble. This installation segment acquisition enhanced its presence in North Carolina.
Source: yahoo finance