M&A Deal Summary

TopBuild Acquires United Subcontractors

On March 2, 2018, TopBuild acquired construction company United Subcontractors from Trilantic North America for 475M USD

Acquisition Highlights
  • This is TopBuild’s 2nd transaction in the Construction sector.
  • This is TopBuild’s 2nd largest (disclosed) transaction.
  • This is TopBuild’s 8th transaction in the United States.
  • This is TopBuild’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2018-03-02
Target United Subcontractors
Sector Construction
Buyer(s) TopBuild
Sellers(s) Trilantic North America
Deal Type Add-on Acquisition
Deal Value 475M USD
Advisor(s) RBC Capital Markets (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

United Subcontractors

St. Paul, Minnesota, United States
website
United Subcontractors, Inc. is an independent insulation subcontractor in the U.S. and one of the major shell contractors in Florida. USI has become a major building solutions provider in the United States by combining local market savvy with outstanding employees, superior technology, and the infrastructure of a national network. USI provides the nation’s residential and commercial contractors with a wide range of construction services.

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Buyer(S) 1

Buyer

TopBuild

Daytona Beach, Florida, United States

website

Category Company
Founded 2015
Sector Construction
Employees10,540
Revenue 5.0B USD (2022)
DESCRIPTION
Entrance to TopBuild's headquarters in Daytona Beach, Florida.
Entrance to TopBuild's headquarters in Daytona Beach, Florida.

TopBuild is a provider of construction and installation services for the residential and commercial building industries. TopBuild offers a comprehensive range of solutions, including insulation, waterproofing, fireproofing, and installation services for a variety of building components. Leveraging its expertise and network of trained professionals, the Company delivers solutions that enhance building performance and sustainability. TopBuild was founded in 2015 and is based in Daytona Beach, Florida.

DEAL STATS #
Overall 8 of 25
Sector (Construction) 2 of 7
Type (Add-on Acquisition) 8 of 25
State (Minnesota) 2 of 2
Country (United States) 8 of 25
Year (2018) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-22 Santa Rosa Insulation and Fireproofing

Miami, Florida, United States

Santa Rosa Insulation and Fireproofing LLC is a provider of insulation and fireproofing services to the residential and commercial sectors. Santa Rosa Insulation and Fireproofing LLC is based in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Viking Insulation

Burbank, California, United States

Viking Insulation Co. is an insulation installation company. Viking Insulation was founded in 1966 and is based in Burbank, California.

Buy -

Seller(S) 1

SELLER

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
PE ASSETS 9.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.

DEAL STATS #
Overall 17 of 22
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 7 of 11
State (Minnesota) 1 of 1
Country (United States) 17 of 21
Year (2018) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-25 Traeger

Salt Lake City, Utah, United States

Traeger is a manufacturer of wood pellet-burning barbeque grills and smokers. Traeger uses 100% all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger was founded in 1986 and is based in Salt Lake City, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 Sunbelt-Solomon Solutions

Temple, Texas, United States

Sunbelt-Solomon Solutions is a provider of new and remanufactured electrical power and distribution equipment, including transformers, switchgear and circuit breakers, and related repair and field services. Based in Temple, Texas and Sharon, Pennsylvania and operating from ten locations across the United States, Sunbelt is recognized for its highly customizable solutions, technical expertise, speed of service and unparalleled standard of care, by customers across commercial, industrial and utility markets, among others.

Buy -
Mergr

Product

Company

Legal