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TopBuild acquires Specialty Products and Insulation for $1.0 billion

October 2025

Client(s) TopBuild Corporation

Jones Day advised TopBuild Corp. (NYSE:BLD), a leading installer of insulation and commercial roofing and a specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, in the acquisition of Specialty Products and Insulation (SPI), a leading specialty distributor and fabricator of mechanical insulation solutions for the commercial, industrial and residential end markets in North America, for $1.0 billion in cash. The acquisition excludes SPI's metal building insulation ("MBI") business.

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