Masco Corp. (NYSE: MAS) announced a new name for its services business spin-off. TopBuild Corp. will be comprised of the Masco Contractor Services (MCS) business, an insulation installation company, and Service Partners, a leading distributor of residential insulation products.
These combined businesses reported revenue of $1.5 billion in 2014 and achieved a compounded annual revenue growth rate of nearly 11 percent since 2010. TopBuild will have over 190 installation branch locations and over 70 distribution centers across the U.S. and will be headquartered in Central Florida.
Jerry Volas, incoming CEO of TopBuild, said, “The TopBuild name communicates our position in the industry, our best-in-class people, service and performance." Vola said the focus is on three lines of business: residential construction, commercial construction and repair/remodel.
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