What did TopBuild Corp. pay for Progressive Roofing?

TopBuild Corp. acquired Progressive Roofing for $810.0M in 2025 (9.1x EBITDA), equivalent to 1.85x revenue. Target revenue was approximately $438.0M. Target EBITDA was approximately $89.0M.

What multiple did TopBuild Corp. pay for Progressive Roofing?

9.1x EBITDA and 1.85x revenue, based on disclosed deal value of $810.0M and disclosed financials.

M&A TRANSACTION · 2025

Progressive Roofing acquired by TopBuild Corp.

$810.0M· 9.1x EBITDA· 1.85x revenue

Target

Progressive Roofing

Phoenix, AZ

Leader in commercial roofing installation services with comprehensive offering including re-roofing, maintenance, and new construction

Acquirer

TopBuild Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$438.0M

EBITDA

$89.0M

Deal Value

$810.0M

EV/EBITDA

9.1x

Context

This $810.0M acquisition of Progressive Roofing by TopBuild Corp. sits in the roofing sub-vertical. The 9.1x EBITDA multiple paid in 2025 can be compared against the population median for roofing transactions of similar size on our Roofing valuation hub. TopBuild Corp. is acquiring as a strategic buyer; see how strategic acquirers typically price roofing businesses on our Roofing strategic buyer-pool page.

Source

Data sourced from Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2025). Progressive Roofing acquired by TopBuild Corp.. https://exitvalue.ai/deals/progressive-roofing-acquired-by-topbuild-corp-landscaping