TopBuild to Acquire Seal-Rite Insulation
TopBuild Corp. (NYSE:BLD) has announced an agreement to acquire Seal-Rite Insulation, an Omaha-based insulation installer with annual revenue of $15 million. Seal-Rite has been operating in the Omaha and Lincoln areas for over 25 years, specializing in fiberglass and spray foam installation for residential and commercial markets.
The acquisition is expected to close in the second quarter and will strengthen TopBuild's installation presence in Nebraska. Seal-Rite's reputation and proven track record in the area align with TopBuild's strategy to expand its market presence and drive growth in the insulation and building materials sector.
TopBuild Corp. (NYSE:BLD) ha annunciato un accordo per acquisire Seal-Rite Insulation, un'azienda di installazione di isolamento con sede a Omaha che genera un fatturato annuo di 15 milioni di dollari. Seal-Rite opera nelle aree di Omaha e Lincoln da oltre 25 anni, specializzandosi nell'installazione di fibra di vetro e schiuma spray per i mercati residenziali e commerciali.
L'acquisizione dovrebbe chiudersi nel secondo trimestre e rafforzerà la presenza di installazione di TopBuild in Nebraska. La reputazione di Seal-Rite e il suo comprovato track record nella zona sono in linea con la strategia di TopBuild di espandere la propria presenza sul mercato e stimolare la crescita nel settore dell'isolamento e dei materiali da costruzione.
TopBuild Corp. (NYSE:BLD) ha anunciado un acuerdo para adquirir Seal-Rite Insulation, un instalador de aislamiento con sede en Omaha que tiene ingresos anuales de 15 millones de dólares. Seal-Rite ha estado operando en las áreas de Omaha y Lincoln durante más de 25 años, especializándose en la instalación de fibra de vidrio y espuma rociada para los mercados residenciales y comerciales.
Se espera que la adquisición se cierre en el segundo trimestre y fortalecerá la presencia de instalación de TopBuild en Nebraska. La reputación de Seal-Rite y su historial comprobado en la zona se alinean con la estrategia de TopBuild de expandir su presencia en el mercado y fomentar el crecimiento en el sector de aislamiento y materiales de construcción.
TopBuild Corp. (NYSE:BLD)는 연간 1500만 달러의 수익을 올리는 오마하 기반의 단열 설치업체인 Seal-Rite Insulation을 인수하기 위한 계약을 발표했습니다. Seal-Rite는 오마하와 링컨 지역에서 25년 이상 운영되어 왔으며, 주거 및 상업 시장을 위한 유리 섬유 및 스프레이 폼 설치를 전문으로 하고 있습니다.
이번 인수는 2분기에 마무리될 예정이며, 네브래스카에서 TopBuild의 설치 존재감을 강화할 것입니다. Seal-Rite의 명성과 해당 지역에서의 검증된 실적은 TopBuild의 시장 존재감을 확장하고 단열 및 건축 자재 부문에서 성장을 촉진하려는 전략과 일치합니다.
TopBuild Corp. (NYSE:BLD) a annoncé un accord pour acquérir Seal-Rite Insulation, un installateur d'isolation basé à Omaha avec un chiffre d'affaires annuel de 15 millions de dollars. Seal-Rite opère dans les régions d'Omaha et de Lincoln depuis plus de 25 ans, se spécialisant dans l'installation de fibre de verre et de mousse pulvérisée pour les marchés résidentiels et commerciaux.
L'acquisition devrait être finalisée au cours du deuxième trimestre et renforcera la présence d'installation de TopBuild dans le Nebraska. La réputation de Seal-Rite et son bilan éprouvé dans la région sont en accord avec la stratégie de TopBuild d'élargir sa présence sur le marché et de favoriser la croissance dans le secteur de l'isolation et des matériaux de construction.
TopBuild Corp. (NYSE:BLD) hat eine Vereinbarung zur Übernahme von Seal-Rite Insulation bekannt gegeben, einem in Omaha ansässigen Isolierungsunternehmen mit einem Jahresumsatz von 15 Millionen Dollar. Seal-Rite ist seit über 25 Jahren in den Regionen Omaha und Lincoln tätig und spezialisiert sich auf die Installation von Glasfaser und Sprühschaum für den Wohn- und Gewerbemarkt.
Die Übernahme wird voraussichtlich im zweiten Quartal abgeschlossen und wird die Installationspräsenz von TopBuild in Nebraska stärken. Der Ruf von Seal-Rite und die nachgewiesene Erfolgsbilanz in der Region stimmen mit der Strategie von TopBuild überein, seine Marktpräsenz auszubauen und das Wachstum im Bereich Isolierung und Baustoffe voranzutreiben.
- Acquisition expands market presence in Nebraska
- Adds $15M in annual revenue
- Enhances residential and commercial installation capabilities
- Target company has 25+ years of operational history
- None.
DAYTONA BEACH, Fla., March 04, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, announced that it has entered into an agreement to acquire Seal-Rite Insulation, based in Omaha, Neb. Seal-Rite generates approximately
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.”
Gil Bittner, Owner and President of Seal-Rite, continued, “We are looking forward to becoming part of the TopBuild family and continuing our focus on providing a superior experience and tremendous value for our 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 250 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 190 branches across the United States and Canada. To learn more about TopBuild please visit our website at www.topbuild.com.
About Seal-Rite
Based in Omaha, Neb. Seal-Rite is family owned and has been providing insulation solutions for homes in the Omaha and Lincoln areas for over 25 years. Seal-Rite has a proven record as an insulation contractor, using only the highest quality products to combat rising energy costs. Our goal is to provide both a superior experience and tremendous value for our customers.
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.
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