M&A Deal Summary

TopBuild Acquires Distribution International

On September 8, 2021, TopBuild acquired distribution company Distribution International from Advent International for 1.0B USD

Acquisition Highlights
  • This is TopBuild’s 2nd transaction in the Distribution sector.
  • This is TopBuild’s largest (disclosed) transaction.
  • This is TopBuild’s 18th transaction in the United States.
  • This is TopBuild’s 3rd transaction in Texas.

M&A Deal Summary

Date 2021-09-08
Target Distribution International
Sector Distribution
Buyer(s) TopBuild
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target

Distribution International

Houston, Texas, United States
Distribution International distribution facility in Houston, Texas.
Distribution International distribution facility in Houston, Texas.
Distribution International (DI) is a distributor of thermal and acoustical insulation and related supplies for maintenance and repair operations in the United States. DI serves power generation facilities, petrochemical and industrial refinery plants, governmental and institutional buildings, military and commercial vessels and offshore rigs as well as other facilities and industries. Distribution International was founded in 1986 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

TopBuild

Daytona Beach, Florida, United States

Category Company
Founded 2015
Sector Construction
Employees14,012
Revenue 5.2B USD (2023)
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. TopBuild was founded in 2015 and is based in Daytona Beach, Florida.


DEAL STATS #
Overall 18 of 28
Sector (Distribution) 2 of 4
Type (Add-on Acquisition) 18 of 28
State (Texas) 3 of 4
Country (United States) 18 of 28
Year (2021) 6 of 9
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Valley Gutter Supply

Los Angeles, California, United States

Valley Gutter Supply is a fabricator and distributor of gutter products and specialty metals to contractors in the Los Angeles area. 70% of Valley Gutter’s customers serve the residential market with the remainder focused on light commercials. Valley Gutter Supply was formed in 2007 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 California Building Products

Turlock, California, United States

California Building Products is a residential and light commercial insulation company serving Bakersfield, Modesto, and Fresno, California. California Building Products provides Residential and Commercial Insulation, Fireplaces, Pre-Cast Mantels, and Gutter Installations. California Building Products is based in Turlock, California.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 202 of 222
Sector (Distribution) 5 of 5
Type (Add-on Acquisition) 76 of 82
State (Texas) 6 of 6
Country (United States) 69 of 79
Year (2021) 14 of 19
Size (of disclosed) 17 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 AI Dream

Shanghai, China

AI Dream is a branded sleep solution provider and one of the largest players in China’s premium mattress market. Its differentiated product offering includes mattresses, bed frames, smart beds, and customized bedroom solutions. AI Dream was founded in 2018 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Sovos Brands

Berkeley, California, United States

Sovos Brands is formed to acquire and build a portfolio of food and beverage brands. Sovos Brands invest in unique brands that have exciting growth potential, combining industry expertise with fresh thinking to bring our products into more homes across America. Sovos Brands was founded in 2017 and is based in Berkeley, California.

Sell -