TopBuild Acquires LCR Contractors
January 20, 2021
TopBuild Corp. (NYSE: BLD) has acquired LCR Contractors, a fireproofing and spray foam insulation contractor serving high-growth Texas and Tennessee markets. The transaction, completed from private equity owner MFG Partners (with ORIX as a partner), adds roughly $58 million of trailing revenue and ~300 installers to TopBuild's residential and commercial insulation platform.
- Buyers
- TopBuild Corp.
- Targets
- LCR Contractors
- Sellers
- MFG Partners, ORIX Corporation USA Private Equity Solutions Group, Clay Spicer, Buddy Spicer
- Industry
- Construction
- Location
- Texas, United States
- Transaction Type
- Buyout
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