TopBuild to acquire mechanical insulation distributor Metro Supply, no terms

TopBuild (BLD) has entered into an agreement to acquire Metro Supply Company, a commercial and industrial mechanical insulation distributor with approximately $35M in annual revenue. Metro Supply Company operates two branches and serves the New York/New Jersey and Baltimore/Washington metropolitan areas. The transaction is expected to close in the fourth quarter. Robert Buck, President and CEO of TopBuild, said, “We are pleased to further extend our ability to serve commercial and industrial customers through the acquisition of Metro Supply. Like TopBuild, Metro Supply differentiates itself by offering customers the highest quality products and exceptional service. As we continue to evaluate acquisition opportunities, we remain focused and disciplined around our core competencies, driving future growth opportunities and increasing shareholder returns.” “We believe our mechanical insulation distribution business can strengthen TopBuild’s Specialty Distribution offerings,” said Charlie Lisa Jr., President of Metro Supply Company. “The acquisition represents an opportunity for us to continue growing our mechanical and acoustical insulation portfolio, while staying committed to our local operations and outstanding service for customers.”