TopBuild Corp. (NYSE:BLD) Acquires Texas Insulation
CHARLESTON, SC / ACCESSWIRE / June 3, 2024 / Energy One America (EOA), the nation's largest privately held provider of foam insulation and air barrier solutions, announces the sale of its subsidiary, Texas Insulation to TopBuild Corp., effective June 3, 2024.
"Texas Insulation's exceptional growth in both reach and revenue made this a necessary strategic decision," said Clint Allen, CEO of Energy One America. "We believe this will be an important investment for TopBuild and one that allows EOA to focus on its portfolio of nationwide commercial work."
Texas Insulation generates approximately $39 million in annual revenue. The company's leadership team, led by President Abe Nevarez, will transition to TopBuild Corp. This framework ensures the continuity of exceptional communication and quality work product, for which the company is known.
"The Texas Insulation brand is strong and we are enthusiastic about our continued growth as part of the TopBuild team," said President Abe Nevarez. "We plan to further develop TopBuild's Texas footprint, while continuing to provide a best-in-class experience to our customers."
About Energy One America
Established in 2001, Energy One America is a leading national provider of innovative and sustainable solutions to the commercial building envelope sector. Our team offers cutting-edge products and unparalleled expertise to meet the evolving needs of customers and set the industry standard for large scale government, multi-family, and educational construction.
For more information visit www.energyoneamerica.com
Contact Information
Reid McCall
CMO
reid@energyoneamerica.com
843-384-9050
SOURCE: Energy One America
View the original press release on newswire.com.
