TopBuild (BLD) Acquires Virginia-Based Valley Insulation

August 16, 2016 4:17 PM EDT

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TopBuild Corp. (NYSE: BLD) has acquired Valley Insulation, a residential insulation company founded in 2008 with operating locations in Waynesboro and Dayton, Virginia. For the trailing twelve months ended June 30, 2016, Valley Insulation generated approximately $4.5 million in annual revenue.

Jerry Volas, Chief Executive Officer of TopBuild stated, "Valley Insulation is a terrific addition to TopBuild and TruTeam, our installation business. It strengthens our market position in Central Virginia with its broad customer base that includes custom as well as regional builders. We are also pleased to welcome Steve Riley and the Valley Installation team to our Company. Steve will continue to lead Valley Insulation and focus on the continued expansion of our business in this region."

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