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TopBuild to Acquire Seal-Rite Insulation
Globenewswireยท 2025-03-04 12:00
Company Overview - TopBuild Corp. is a leading installer and specialty distributor of insulation and related building material products in the United States and Canada [3] - The company operates approximately 250 branches for insulation installation services and around 190 branches for specialty distribution across the two countries [3] Acquisition Announcement - TopBuild has entered into an agreement to acquire Seal-Rite Insulation, which is based in Omaha, Nebraska [1] - Seal-Rite generates approximately $15 million in annual revenue and has been in operation for over 25 years, focusing on fiberglass and spray foam installation for residential and commercial markets [1][4] - The transaction is expected to close in the second quarter of 2025 [1] Strategic Intent - The acquisition aims to strengthen TopBuild's installation presence in Nebraska, leveraging Seal-Rite's proven track record and strong reputation in the area [2] - Both companies express enthusiasm about the merger, with a focus on driving growth and profitability while providing superior customer experiences [2]