TopBuild Expands Specialty Distribution With Metro Supply Buyout

Group 1: Acquisition and Revenue Impact - TopBuild Corp. has acquired Metro Supply Company, expected to generate an additional $35 million in annual revenues and expand its market reach into the New York/New Jersey and Baltimore/Washington areas [1][2] - The acquisition is part of a broader strategy, with TopBuild having acquired seven businesses in 2024, collectively contributing approximately$118 million in annual revenues [3] Group 2: Strategic Focus and Integration - The acquisition of Metro Supply adds two strategically located branches to TopBuild's Specialty Distribution network, enhancing its mechanical and acoustical insulation portfolio [2][4] - TopBuild's disciplined acquisition strategy emphasizes long-term growth and shareholder returns, with expected synergies from integrating Metro Supply's operations [5] Group 3: Market Performance and Outlook - TopBuild's shares have gained 19.6%, underperforming the industry's 41.2% rise, facing challenges in the housing market and project delays [7] - Despite these challenges, the company remains optimistic due to growing demand for energy efficiency, a housing supply shortage, and potential lower interest rates [7]