TopBuild to acquire Distribution International in all-cash transaction valued at $1.0 billion
Clients TopBuild Corporation
Jones Day is representing TopBuild in its agreement to acquire Distribution International from global private equity firm Advent International in an all-cash transaction valued at $1.0 billion.
TopBuild expects to finance the acquisition using a combination of debt financing and cash on hand. The transaction, which has been approved by TopBuild’s Board of Directors, is subject to customary closing conditions, including expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The Company expects the transaction to close in the fourth quarter of 2021.