Jul. 9 at 1:54 PM
$BLD jumps on acquisition news — what’s fueling the rise? 🚀
TopBuild is acquiring Progressive Roofing for
$810M, a strategic move expected to add to adjusted earnings per share and expand their reach into the commercial roofing segment. The deal values Progressive Roofing at 9.1x EBITDA, dropping to 8.6x with
$5 million in synergies.
See what makes the investment case strong for BLD 👉 https://www.zacks.com/stock/news/2569281/topbuild-to-acquire-progressive-roofing-for-810m-stock-up?cid=sm-stocktwits-2-2569281-body-1050&ADID=SYND_STOCKTWITS_TWEET_2_2569281_BODY_1050