TopBuild (BLD) announced that it has entered into an agreement to acquire Seal-Rite Insulation, based in Omaha, Neb. Seal-Rite generates approximately $15 million in annual revenue and has been installing fiberglass and spray foam for the residential and commercial end markets in the Omaha and Lincoln areas for over 25 years. The transaction is expected to close in the second quarter. Robert Buck, President and CEO of TopBuild, said, “We are excited to have the Seal-Rite team join us as we strengthen our installation presence in Nebraska. Seal-Rite has a proven track record and a strong reputation in the area, and we look forward to continuing to drive growth and profitability across the business.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLD:
- TopBuild management to meet with DA Davidson
- TopBuild price target lowered to $375 from $445 at Benchmark
- TopBuild’s Strategic Positioning and Financial Resilience Justify Buy Rating
- TopBuild: Positioned for Growth Amidst Market Challenges with Strategic Focus and M&A Opportunities
- TopBuild price target lowered to $390 from $405 at Loop Capital