Benzinga | Sep 8, 2021 06:46AM EDT

TopBuild to Acquire Distribution International In All-Cash Transaction Valued at $1.0 Billion

* Provides significant entry into ~$5 billion mechanical insulation market

* Expands footprint and increases penetration within key markets, including recurring MRO business

* Adds industry leading fabrication capabilities

* Strategically positions TopBuild as the leading supplier of energy saving insulation products in three critical and growing end-markets

* Enhances robust M&A pipeline with new roll-up opportunities in fragmented industrial and commercial end-markets

* Expected to be accretive to GAAP EPS in the first full year after close

* Anticipate $35M to $40M of run-rate cost synergies