TopBuild Corp. (BLD Quick QuoteBLD ) has inked a deal with global private equity firm Advent International to acquire the latter’s Distribution International (“DI”) for $1 billion in cash. The transaction is expected to close in fourth-quarter 2021, subject to customary closing conditions.
President and chief executive officer of TopBuild, Robert Buck, said, “Following the closing of this transaction, TopBuild will be the leader of energy saving insulation solutions in all three major end-markets: residential, commercial, and industrial. Increasingly stricter....More>>>