Benzinga | Aug 23, 2021 09:35AM EDT

TopBuild Acquires Valley Gutter Supply For Undisclosed Sum

* TopBuild Corp (NYSE:BLD) has acquired Valley Gutter Supply, a fabricator and distributor of gutter products and specialty metals to contractors in the Los Angeles area, for undisclosed financial terms.

* The majority of the Valley Gutter's customers serve the residential market, with the remainder serving light commercial. The company generated ~$10 million in revenue for the trailing twelve months ended June 30, 2021.

* This acquisition will enhance Service Partner's gutter fabrication and distribution capacity throughout the state of California.

* TopBuild has completed six acquisitions year-to-date that are expected to generate ~$230 million in annual revenue.

* TopBuild held cash and cash equivalents of $261.7 million as of June 30, 2021.

* Price Action: BLD shares traded higher by 0.18% at $217.07 on the last check Monday.