Announced
Financials
Sources
Tags
Domestic
Private
Acquisition
Friendly
United States
insulation services
Household Equipment and Products
home furnishings
Single Bidder
Pending
Majority
Synopsis
TopBuild, an installer and distributor of insulation products, agreed to acquire American Building Systems, a provider of insulation services allowing its clients to save energy and lower heating and cooling costs. Financial terms were not disclosed. “This is a great opportunity for TopBuild to enhance its presence in many high growth markets. ABS will bring a strong customer base, experienced sales force and 500 highly trained installers to our operations. Wayne Sullivan, ABS’ current owner, has done a great job building the business and developing a talented team. This will be a great addition to our TopBuild family of companies," Robert Buck, TopBuild President and CEO.
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