TopBuild (BLD) to Acquire Seal-Rite Insulation

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 $15 million in annual revenue and has been installing fiberglass and spray foam for the residential and commercial end markets in the Omaha and Lincoln areas for over 25 years. The transaction is expected to close in the second quarter.

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.”

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