TopBuild to Acquire Metro Supply Company
TopBuild Corp (NYSE:BLD) has announced an agreement to acquire Metro Supply Company, a commercial and industrial mechanical insulation distributor with $35 million in annual revenue. Metro Supply operates two branches serving the New York/New Jersey and Baltimore/Washington metropolitan areas. The acquisition, expected to close in Q4, will expand TopBuild's commercial and industrial offerings. Metro Supply specializes in mechanical and acoustical insulation distribution, known for high-quality products and exceptional customer service.
TopBuild Corp (NYSE:BLD) ha annunciato un accordo per acquisire Metro Supply Company, un distributore di isolamento meccanico commerciale e industriale con un fatturato annuale di 35 milioni di dollari. Metro Supply opera in due filiali che servono le aree metropolitane di New York/New Jersey e Baltimore/Washington. Si prevede che l'acquisizione si chiuda nel quarto trimestre, ampliando l'offerta commerciale e industriale di TopBuild. Metro Supply è specializzata nella distribuzione di isolamento meccanico e acustico, conosciuta per prodotti di alta qualità e un servizio clienti eccezionale.
TopBuild Corp (NYSE:BLD) ha anunciado un acuerdo para adquirir Metro Supply Company, un distribuidor de aislamiento mecánico comercial e industrial con 35 millones de dólares en ingresos anuales. Metro Supply opera en dos sucursales que sirven a las áreas metropolitanas de Nueva York/Nueva Jersey y Baltimore/Washington. Se espera que la adquisición se cierre en el cuarto trimestre, ampliando la oferta comercial e industrial de TopBuild. Metro Supply se especializa en la distribución de aislamiento mecánico y acústico, reconocida por sus productos de alta calidad y un servicio al cliente excepcional.
TopBuild Corp (NYSE:BLD)는 연간 매출 3,500만 달러인 상업 및 산업 기계 단열재 유통업체인 Metro Supply Company 인수 계약을 발표했습니다. Metro Supply는 뉴욕/뉴저지와 볼티모어/워싱턴 대도시 지역을 서비스하는 두 개의 지점을 운영하고 있습니다. 이번 인수는 4분기에 마무리될 예정이며, TopBuild의 상업 및 산업 분야 제공을 확장할 것입니다. Metro Supply는 고품질 제품과 뛰어난 고객 서비스로 잘 알려진 기계 및 음향 단열재 유통 전문 업체입니다.
TopBuild Corp (NYSE:BLD) a annoncé un accord pour acquérir Metro Supply Company, un distributeur d'isolation mécanique commerciale et industrielle avec un chiffre d'affaires annuel de 35 millions de dollars. Metro Supply exploite deux succursales dans les zones métropolitaines de New York/Nouvelle Jersey et Baltimore/Washington. L'acquisition devrait être finalisée au quatrième trimestre, ce qui élargira l'offre commerciale et industrielle de TopBuild. Metro Supply est spécialisée dans la distribution d'isolation mécanique et acoustique, reconnue pour ses produits de haute qualité et un service client exceptionnel.
TopBuild Corp (NYSE:BLD) hat eine Vereinbarung zur Übernahme von Metro Supply Company, einem Vertreiber von mechanischer und industrieller Dämmung mit einem Jahresumsatz von 35 Millionen Dollar, bekannt gegeben. Metro Supply betreibt zwei Standorte, die die Metropolregion New York/New Jersey sowie Baltimore/Washington bedienen. Der Abschluss der Übernahme wird im vierten Quartal erwartet und wird das kommerzielle und industrielle Angebot von TopBuild erweitern. Metro Supply ist auf den Vertrieb von mechanischer und akustischer Dämmung spezialisiert und bekannt für hochwertige Produkte sowie exzellenten Kundenservice.
- Acquisition adds $35 million in annual revenue
- Expands commercial and industrial market presence
- Gains strategic access to major metropolitan markets (NY/NJ and Baltimore/DC)
- Strengthens specialty distribution segment
- None.
Insights
This strategic acquisition strengthens TopBuild's position in the mechanical insulation distribution sector, particularly in key metropolitan markets. The
The transaction demonstrates TopBuild's continued focus on bolt-on acquisitions that complement their existing operations. Metro Supply's established customer relationships and reputation for quality service should facilitate smooth integration and potential cross-selling opportunities. The deal's expected Q4 closing suggests minimal regulatory hurdles and straightforward execution.
Mechanical Insulation Distributor Expands TopBuild’s Commercial and Industrial Offerings and Builds on Metro Supply’s Strong Customer Relationships; Approximately
DAYTONA BEACH, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- 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
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 TopBuild
TopBuild 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 Company
Metro 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.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including those described in the risk factors contained in our filings with the Securities and Exchange Commission, may cause our actual results to differ from those expressed in forward-looking statements. Although TopBuild believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved and it undertakes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.
This press release was published by a CLEAR® Verified individual.
FAQ
What is the annual revenue of Metro Supply Company that TopBuild (BLD) is acquiring?
Which markets does Metro Supply Company serve that TopBuild (BLD) will gain access to?
When is TopBuild's (BLD) acquisition of Metro Supply Company expected to close?
What type of business is Metro Supply Company that TopBuild (BLD) is acquiring?
