secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2025-07-08T23:59:59+00:00
Accession:  0001558370-25-009123
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TopBuild announces $810M all-cash acquisition of Progressive Roofing
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- TopBuild to acquire Progressive Roofing for $810M cash; 9.1x TTM EBITDA, 8.6x post-synergies.
- Progressive generated $438M revenue, $89M EBITDA; 70% from non-discretionary re-roofing & maintenance.
- Expected to close early Q3 2025, funded by expanded credit facility and cash; immediately accretive to adjusted EPS.
- Acquisition enables entry into $75B fragmented commercial roofing market; creates growth platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837025009123/0001558370-25-009123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837025009123/bld-20250708x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-009123

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer