TopBuild in its $1 billion acquisition of Distribution International




$1 billion


Mergers and Acquisitions

Date Closed

October 2021


Construction and Engineering

Lead Office



On October 15, 2021, TopBuild Corp. completed its acquisition of Distribution International from Advent International, in an all cash transaction valued at $1 billion. This transaction strategically positions TopBuild as the leading supplier of energy saving insulation products in critical and growing end-markets.

TopBuild Corp., headquartered in Florida, is a leading installer and specialty distributor of insulation and building material products to the North American construction industry.

Distribution International is a leading North American specialty distributor of mechanical insulation and related accessories for industrial and commercial end-markets.

Osler, Hoskin & Harcourt LLP advised TopBuild on Canadian aspects of the acquisition with a team consisting of Terry Burgoyne, Brian Gray, Han Rui Cui (Corporate), Jasmyn Lee (Financial Services), Jonathan Marin, Jonathan Wypych (Pensions & Benefits), Damian Rigolo (Employment & Labour), Rod Davidge, Josh Disenhouse (Real Estate), John Salloum, Maryna Polataiko (Privacy & Data Management), Patrick Welsh (Regulatory, Environmental, Indigenous and Land) and Barry Fong (Intellectual Property).