TopBuild to Acquire Metro Supply Company
November 20 2024 - 4:15PM
TopBuild Corp. (NYSE:BLD), a leading installer and
specialty distributor of insulation and building material products
to the construction industry in the United States and Canada, has
entered into an agreement to acquire Metro Supply Company, a
leading commercial and industrial mechanical insulation distributor
with approximately $35 million 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.”
About TopBuildTopBuild Corp.,
headquartered in Daytona Beach, Florida, is a leading installer and
specialty distributor of insulation and related building material
products to the construction industry in the United States and
Canada. We provide insulation installation services nationwide
through our Installation segment which has approximately 240
branches located across the United States. We distribute building
and mechanical insulation, insulation accessories and other
building product materials for the residential, commercial, and
industrial end markets through our Specialty Distribution business.
Our Specialty Distribution network encompasses approximately 170
branches. To learn more about TopBuild please visit our website at
www.topbuild.com.
About Metro Supply CompanyMetro
Supply Company is a leading commercial / industrial mechanical
insulation distributor in the New York/New Jersey and
Baltimore/Washington metropolitan areas. Metro Supply prides itself
on having exceptional customer service and providing the highest
quality products produced by only the top manufacturers.
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TopBuild believes the expectations reflected in such
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Investor Relations and Media Contact
PI Aquino
pi.aquino@topbuild.com
386-763-8801
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