DAYTONA BEACH, Fla., April 16, 2018 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with its proposed acquisition of United Subcontractors, Inc. (“USI”). As previously announced on March 2, 2018, TopBuild entered into an agreement to acquire USI from Trilantic Capital Partners North America in an all-cash transaction valued at $475 million. The Company currently plans to complete the acquisition on May 1, 2018.

Jerry Volas, Chief Executive Officer of TopBuild, stated, “We expect that this pivotal transaction will enhance TopBuild’s position as the leading installer and distributor of insulation in the U.S. and fortify our position in high growth markets. We plan to leverage our track record of strong execution to make this combination a great success for all stakeholders.”

About TopBuild

TopBuild Corp., headquartered in Daytona Beach, Florida, is the leading purchaser, installer and distributor of insulation products to the U.S. construction industry. We provide insulation services nationwide through TruTeam^®, which has over 175 branches and our Service Partners^® business distributes insulation from over 70 branches. We leverage our national footprint to gain economies of scale while capitalizing on our local market presence to forge strong relationships with our customers. To learn more about TopBuild please visit our website at www.topbuild.com.