TopBuild to Acquire Shannon Global Energy Solutions
TopBuild Corp. (NYSE:BLD) has announced an agreement to acquire Shannon Global Energy Solutions, a thermal acoustic blanket insulation fabricator based in North Tonawanda, N.Y. Shannon Global, with $11 million in annual revenue and a 36-year history, specializes in designing and fabricating reusable thermal, acoustical and safety products for large multinational customers. The acquisition, expected to close in Q4, aims to strengthen TopBuild's mechanical insulation capabilities and expand its fabrication offerings in the commercial and industrial end user markets.
TopBuild Corp. (NYSE:BLD) ha annunciato un accordo per acquisire Shannon Global Energy Solutions, un produttore di tessuti isolanti acustici termici con sede a North Tonawanda, N.Y. Shannon Global, con 11 milioni di dollari di fatturato annuo e una storia di 36 anni, è specializzata nella progettazione e produzione di prodotti termici, acustici e di sicurezza riutilizzabili per grandi clienti multinazionali. L'acquisizione, prevista per chiudere nel quarto trimestre, mira a rafforzare le capacità di isolamento meccanico di TopBuild e ad ampliare le sue offerte di fabbricazione nei mercati degli utenti finali commerciali e industriali.
TopBuild Corp. (NYSE:BLD) ha anunciado un acuerdo para adquirir Shannon Global Energy Solutions, un fabricante de mantas aislantes acústicas térmicas con sede en North Tonawanda, N.Y. Shannon Global, con 11 millones de dólares en ingresos anuales y 36 años de historia, se especializa en el diseño y fabricación de productos térmicos, acústicos y de seguridad reutilizables para grandes clientes multinacionales. Se espera que la adquisición se cierre en el cuarto trimestre, y tiene como objetivo fortalecer las capacidades de aislamiento mecánico de TopBuild y ampliar sus ofertas de fabricación en los mercados de usuarios finales comerciales e industriales.
TopBuild Corp. (NYSE:BLD)는 뉴욕주 노탕완다에 위치한 열음향 블랭킷 단열재 제작업체인 Shannon Global Energy Solutions 인수 계약을 발표했습니다. Shannon Global은 연간 수익 1천1백만 달러와 36년의 역사를 가지고 있으며, 대규모 다국적 고객을 위한 재사용 가능한 열, 음향 및 안전 제품 설계 및 제작에 전문화되어 있습니다. 이번 인수는 4분기 종료 예정이며, TopBuild의 기계 단열 능력을 강화하고 상업 및 산업 최종 사용자 시장에서의 제작 제공을 확대하는 것을 목표로 하고 있습니다.
TopBuild Corp. (NYSE:BLD) a annoncé un accord pour acquérir Shannon Global Energy Solutions, un fabricant de tissus d'isolation acoustique thermique basé à North Tonawanda, N.Y. Shannon Global, avec 11 millions de dollars de revenus annuels et une histoire de 36 ans, est spécialisée dans la conception et la fabrication de produits thermiques, acoustiques et de sécurité réutilisables pour de grands clients multinationaux. L'acquisition, prévue pour se clôturer au quatrième trimestre, vise à renforcer les capacités d'isolation mécanique de TopBuild et à élargir ses offres de fabrication sur les marchés des utilisateurs finaux commerciaux et industriels.
TopBuild Corp. (NYSE:BLD) hat eine Vereinbarung zur Übernahme von Shannon Global Energy Solutions angekündigt, einem Hersteller von schalldämmenden und thermischen Isoliermaterialien mit Sitz in North Tonawanda, N.Y. Shannon Global erzielt 11 Millionen Dollar jährlichen Umsatz und blickt auf eine 36-jährige Geschichte zurück. Das Unternehmen ist auf die Entwicklung und Herstellung wiederverwendbarer thermischer, akustischer und Sicherheitsprodukte für große multinationale Kunden spezialisiert. Der Abschluss der Übernahme wird für das vierte Quartal erwartet und soll die mechanischen Isolationsfähigkeiten von TopBuild stärken und das Produktionsangebot in den gewerblichen und industriellen Endverbrauchermärkten erweitern.
- Acquisition expands TopBuild's mechanical insulation capabilities
- Adds $11 million in annual revenue
- Enhances product portfolio with reusable thermal and acoustical solutions
- Expands customer base to include large multinational clients
- None.
Insights
The acquisition of Shannon Global Energy Solutions represents a strategic but modest expansion of TopBuild's mechanical insulation capabilities. With
The deal enhances TopBuild's commercial and industrial market presence, particularly in reusable thermal and acoustical solutions. This expansion into specialized fabrication aligns with increasing demand for energy-efficient industrial solutions and environmental sustainability requirements. The transaction's expected Q4 closing indicates potential minor revenue contribution starting in early 2024.
Thermal Acoustic Blanket Insulation Fabricator Strengthens TopBuild’s
Mechanical Insulation Offerings for Commercial and Industrial Customers;
Approximately
DAYTONA BEACH, Fla., Oct. 30, 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 Shannon Global Energy Solutions, based in North Tonawanda, N.Y., with approximately
Robert Buck, President and CEO of TopBuild, said, “We are excited to further build our capabilities in mechanical insulation and expand our fabrication offerings to the commercial and industrial end user markets. We remain focused on acquiring businesses that leverage our core competencies, expand opportunities for future growth and drive shareholder returns. Our pipeline of potential acquisitions remains robust, and we will continue to be disciplined in our use of capital.”
“Our high quality, engineered products, diverse customer base and unique applications are a natural fit for TopBuild’s Specialty Distribution portfolio,” said Frank Kovacs, President and CEO of Shannon Global Energy Solutions. “The acquisition will give us the opportunity to continue to grow the company consistent with our commitment to providing sustainable, reusable energy solutions.”
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 Shannon Global Energy Solutions
Shannon Global Energy Solutions engineers and manufactures high quality, engineered insulation solutions for energy conservation, thermal efficiency, noise reduction, safety and sustainability. With its CAD-CNC-ERP approach from design to manufacturing, Shannon is a leader in reusable and removable insulation for manufacturing, healthcare, service and industrial customers with a global presence. Mr. Kovacs founded Shannon Global Energy Solutions in 1988 and has more than 40 years of experience in the building products industry.
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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