Tracy Alloway

But we alluded to this in the intro.

Data centers in particular need insulation.

How much of this deal is the expectation that you're going to be getting a lot of business from the data center build out as well?

Oh, we will get a lot of business from data centers, but not just on the insulation.

Data centers need roofs too.

Data centers need waterproofing.

Very much so.

Data centers often need lumber-related products.

So data centers are big consumers of building products.

Now, Top Build itself has single-digit percentage exposure to data centers, but it's very fast-growing.

Wait, sorry, say that, how much exposure?

Single digit percentage of the revenue.

But in terms of growth, it's growing very, very fast.

Okay, so when we think about the insulation market in general, how much is it residential?

How much is it commercial?

And is there a lot of overlap or do companies tend to specialize in one or the other?

It's fairly evenly split.

They have a little more residential than commercial, but they have both.

They have both.

And we have that as well, by the way, in the two companies we bought before this, Beacon and Kodiak.