TopBuild Acquires Applied Coatings and Upstate Spray Foam
TopBuild (NYSE:BLD) announced the acquisition of Applied Coatings and Upstate Spray Foam, two New York–based installers that together generate approximately $20 million in annual revenue.
Rhea-AI Summary
TopBuild (NYSE:BLD) announced the acquisition of Applied Coatings and Upstate Spray Foam, two New York–based installers that together generate approximately $20 million in annual revenue. The businesses serve residential and commercial customers in New York, Pennsylvania and Massachusetts, expanding TopBuild's Northeast footprint.
Management said the deal strengthens regional presence and builds on the acquired teams' customer relationships and track records.
Positive
- Adds approximately $20 million in annual revenue
- Strengthens TopBuild's presence in the Northeast (NY, PA, MA)
- Adds spray foam and fireproofing installation capabilities for residential and commercial markets
Negative
- Purchase price and transaction terms were not disclosed in the announcement
Details
News Market Reaction – BLD
In the Feb 3 session, BLD gained 3.54%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Target revenue
- $20 million
- Annual revenue from Applied Coatings and Upstate Spray Foam
- Q3 2025 sales
- $1.39B
- TopBuild Q3 2025 net sales
- SPI deal value
- $1.0 billion
- All-cash acquisition of Specialty Products and Insulation
- SPI revenue
- $700M
- SPI trailing 12-month revenue to Jun 30, 2025
- SPI EBITDA
- $75M
- SPI trailing 12-month EBITDA to Jun 30, 2025
- Progressive deal value
- $810 million
- All-cash acquisition price for Progressive Roofing
- Progressive revenue
- $438 million
- Progressive Roofing trailing 12-month revenue to Mar 31, 2025
- Progressive EBITDA
- $89 million
- Progressive Roofing trailing 12-month EBITDA to Mar 31, 2025
Previous Acquisition Reports
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Multiple specialty distribution and installation acquisitions adding about $53M annual revenue.
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All-cash $1.0B SPI deal with ~$700M revenue and expected cost synergies.
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Completion of $810M Progressive Roofing acquisition expanding commercial roofing exposure.
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Announcement of $810M Progressive Roofing acquisition, immediately accretive to earnings.
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Planned purchase of Seal-Rite Insulation with $15M revenue to strengthen Nebraska presence.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DAYTONA BEACH, Fla., Feb. 03, 2026 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer of insulation and commercial roofing and a specialty distributor of insulation and related building products to the construction industry in the United States and Canada, announced it acquired Applied Coatings and Upstate Spray Foam. Based in Winfield, N.Y., Applied Coatings and Upstate Spray Foam together generate approximately
Robert Buck, President and CEO of TopBuild, said, “We are delighted to welcome the Applied Coatings and Upstate Spray Foam teams to the TopBuild family as we strengthen our presence in the Northeast and build on the team’s excellent track record and a solid reputation across both residential and commercial customers. This is another example of our focus on continuing to drive growth and profitability across our business.”
Billy Gibson, Co-Owner of Applied Coatings and Upstate Spray Foam, said, “Applied Coatings and Upstate Spray Foam were built on honest, old-fashioned hard work and true craftsmanship, and those attributes continue through our dedicated team. The relationships we’ve built with our customers are something we take great pride in. We believe TopBuild shares our vision, values, and long-term goals, giving us confidence that this transition will strengthen our ability to continue growing in Upstate New York and beyond.”
About TopBuild
TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer of insulation and commercial roofing and is also a specialty distributor of insulation and related building products to the construction industry in the United States and Canada. We provide insulation and commercial roofing installation services nationwide through our Installation Services segment which has over 200 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building products for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses more than 250 branches across the United States and Canada. To learn more about TopBuild please visit our website at www.topbuild.com.
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.
This press release was published by a CLEAR® Verified individual.
Investor Relations and Media Contact PI Aquino pi.aquino@topbuild.com 386-763-8801
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