TopBuild Acquires Midwest Fireproofing and Enhances Heavy Commercial Capabilities
DAYTONA BEACH, FL TopBuild Corp. the leading purchaser, installer and distributor of insulation products to the U.S. construction industry, has acquired Midwest Fireproofing, a heavy commercial fireproofing and insulation company with locations in Chicago, Illinois, and Indianapolis, Indiana. For the last 12 months, Midwest Fireproofing generated approximately $20 million in annual revenue.
Jerry Volas, Chief Executive Officer of TopBuild said, "Midwest Fireproofing is an excellent strategic addition to TruTeam, our installation business, complementing our existing commercial product offering in a key area of the country. Their strong regional contractor relationships will provide additional avenues of growth for our entire heavy commercial team. We are also very pleased both founders of the firm, Aaron Gilbert and Mark Stemmons, will continue to manage and grow the business while leading their teams in Chicago and Indianapolis."
Aaron Gilbert, co-founder of Midwest Fireproofing, said, "We are excited to join TruTeam and believe this presents a great opportunity for everyone at Midwest Fireproofing as TruTeam continues to execute on its heavy commercial growth plans. Having had a four-year working relationship with TruTeam's Chicago operation, we are very comfortable with the strategic and cultural fit of the two companies."