ADO Products has been acquired by TopBuild (NYSE: BLD)
Prestwick is pleased to announce the sale of ADO Products to Service Partners, a wholly-owned subsidiary of TopBuild Corp. (NYSE: BLD). Prestwick acted as the exclusive advisor to ADO and its shareholders. The terms of the transaction were not disclosed.
ADO is one of the largest independent providers of insulation accessories serving the North American residential construction market. ADO is a value-added supplier that designs and manufactures attic insulation vents marketed under the Durovent and proVent brands, as well as distributes a broad range of insulation accessories, including foam, netting, plastic sheeting, protective gear and other related building products. ADO markets its products to customers throughout the building products value chain, including insulation contractors, home improvement retailers and wholesale building products distributors.
TopBuild Corp. (NYSE: BLD) is the leading installer and distributor of insulation products to the United States construction industry. Service Partners, a wholly-owned subsidiary of TopBuild, distributes insulation products nationwide from over 70 distribution centers. TopBuild also provides insulation installation services nationwide through its TruTeam division.