TopBuild Corp. (NYSE:BLD) entered into an agreement to acquire Insulation Works from Brett Counts for approximately $25.2 million on May 3, 2024. The transaction is expected to be funded by cash on hand.

Insulation Works has three locations across Arkansas and generates $28 million in annual revenue. The addition of Insulation Works will enhance TopBuild's residential and commercial business and provide expertise across the agricultural insulation market. The Insulation Works team, including owner Brett Counts will join TopBuild.

The transaction is expected to close in May 2024. As of May 7, 2024, the transaction is expected to close in mid-May 2024. Iron Creek Business Advisors, LLC acted as financial advisor to Insulation Works.