TopBuild to Acquire Johnson Roofing
Rhea-AI Summary
TopBuild (NYSE:BLD) entered into an agreement to acquire Johnson Roofing, a third‑generation commercial roofing installer founded in 1941 with approximately $29 million in annual revenue. The deal expands TopBuild’s commercial roofing platform across Texas, Louisiana and Oklahoma and adds Central Texas capabilities.
The acquisition aims to deepen service for general contractor customers and scale Progressive Roofing’s regional offerings while preserving Johnson Roofing’s safety and customer‑service culture.
Positive
- Adds ~$29M annual revenue to TopBuild's commercial roofing business
- Geographic expansion into Central Texas, Louisiana and Oklahoma
- Strengthens commercial roofing platform via integration with Progressive Roofing
- Third‑generation operator with established customer relationships since 1941
Negative
- None.
News Market Reaction – BLD
On the day this news was published, BLD gained 1.04%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BLD showed a -2.53% move pre-news while key peers like STN, APG, ACM, MTZ and J also traded lower the same day, but momentum scans only flagged FIX moving up, suggesting this acquisition is a stock-specific catalyst rather than part of a broad sector rotation.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Acquisition announcement | Positive | +3.5% | Bolt-on New York acquisitions adding about $20M in annual revenue. |
| Nov 03 | Multiple acquisitions | Positive | +0.0% | Five specialty distribution and installation deals adding ~$53M revenue. |
| Oct 08 | Major acquisition close | Positive | +10.1% | Closing $1.0B SPI deal with $35–$40M synergy targets and EPS accretion. |
| Jul 15 | Platform acquisition close | Positive | -4.6% | Completion of $810M Progressive Roofing purchase with $438M revenue base. |
| Jul 08 | Platform acquisition | Positive | +3.8% | Announcement of $810M Progressive Roofing deal at 9.1x EBITDA multiple. |
Acquisition announcements have generally been viewed positively for BLD, with most prior deals seeing flat to strong gains and only one notable negative reaction.
Over the past year, TopBuild has executed a consistent acquisition strategy, highlighted by the $1.0B SPI deal and the $810M Progressive Roofing transaction, plus several smaller bolt-ons adding tens of millions in annual revenue. These moves expanded its commercial and industrial footprint and increased non-cyclical revenue exposure. The Johnson Roofing agreement continues that pattern, building out the commercial roofing platform after the Progressive acquisition and complementing earlier specialty distribution and installation deals.
Historical Comparison
Past 5 acquisition headlines produced an average move of 2.56%, showing investors have often reacted meaningfully to TopBuild’s M&A strategy.
Acquisition activity progressed from establishing a roofing platform via Progressive Roofing to scaling with SPI and multiple bolt-ons, now extending commercial roofing reach with Johnson Roofing in Texas and adjacent states.
Market Pulse Summary
This announcement extends TopBuild’s M&A-driven expansion, adding Johnson Roofing with $29M in annual revenue and deep commercial roofing presence in Texas, Louisiana and Oklahoma. It builds on earlier platform deals such as Progressive Roofing and SPI, which increased exposure to non-cyclical, commercial end markets. Investors may watch how this bolt-on enhances the broader commercial roofing platform, integration progress, and whether future disclosures quantify returns and synergies from the growing deal pipeline.
AI-generated analysis. Not financial advice.
DAYTONA BEACH, Fla., Feb. 24, 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 has entered into an agreement to acquire Johnson Roofing, one of the largest commercial roofing installation services companies in Texas with approximately
Robert Buck, President and CEO of TopBuild, said, “We are pleased to welcome the Johnson Roofing team to the TopBuild family as we build our commercial roofing services platform and continue our focus on compounding returns and driving greater shareholder value.” Nick Hadden, leader of Progressive Roofing, added, “The Johnson Roofing acquisition expands our offerings in Central Texas, allows us to capitalize on a very large, highly fragmented commercial roofing market and enables us to better serve our general contractor customers.”
Sherri Johnson, leader of Johnson Roofing, said, “We are delighted to be joining the TopBuild commercial roofing team, as our fundamental culture of safety, driven by the pursuit of excellence, is very much aligned with the company. By joining forces with TopBuild and Progressive, I’m confident that our Johnson family legacy of customer service, supporting our field teams and doing an outstanding job will continue.”
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.
Investor Relations and Media Contact PI Aquino pi.aquino@topbuild.com 386-763-8801
FAQ
What did TopBuild (BLD) announce on February 24, 2026 regarding Johnson Roofing?
How large is Johnson Roofing and what regions will TopBuild (BLD) gain on closing?
Why is TopBuild (BLD) acquiring Johnson Roofing and what strategic benefits are expected?
Will the Johnson Roofing acquisition affect TopBuild's (BLD) customer service and safety culture?
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