TopBuild to enter commercial roofing business through Progressive Roofing acquisition

5 hours ago 1
wooden blocks with "M and A" letters on financial documents, symbolizing mergers and acquisitions
  • TopBuild (NYSE:BLD) to acquire Progressive Roofing, a commercial roofing business, for $810 million in cash. The acquisition proceeds are from recently expanded credit facility and cash on hand.
  • The acquisition value of $810M represents approximately 9.1x Progressive’s EBITDA of $89M for the

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