DAYTONA BEACH, Fla., April 21, 2017 /PRNewswire/ -- TopBuild Corp. (NYSE: BLD) the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, has acquired Superior Insulation Products, LLC, a residential insulation company based in Seattle, Washington. For the twelve months ended December 31, 2016, Superior Insulation generated approximately $12 million in annual revenue.
Jerry Volas, Chief Executive Officer of TopBuild stated, "We welcome Superior Insulation to the TopBuild team. This acquisition will expand our footprint in the cities of Seattle, Tacoma and Bellevue where housing growth has been and is expected to remain strong. The owner and founder, Bob Olson, will join our Company and focus on further expanding our market share in this region."
TopBuild Corp., headquartered in Daytona Beach, Florida, is the leading purchaser, installer and distributor of insulation products to the U.S. construction industry. We provide insulation services nationwide through TruTeam®, which has over 175 branches and our Service Partners® business distributes insulation from over 70 branches. We leverage our national footprint to gain economies of scale while capitalizing on our local market presence to forge strong relationships with our customers. To learn more about TopBuild please visit our website at www.topbuild.com.
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SOURCE TopBuild Corp.