Kirkland Advises Incline on Sale of SPI for $960 Million

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January 24, 2026

Kirkland Advises Incline on Sale of SPI for $960 Million

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Kirkland & Ellis advised Incline Equity Partners and its portfolio company Specialty Products & Insulation (SPI) on the sale of SPI to TopBuild Corp
in an all-cash transaction valued at $960 million
The legal team from Kirkland & Ellis included corporate partners Walt Holzer and Melanie Harmon, associate Mike Bassi, and tax partner Roger Lucas with associate Chris Worek.

Kirkland & Ellis counseled Incline Equity Partners, a Pittsburgh-based private equity firm, and its portfolio company Specialty Products & Insulation (SPI) on an agreement to sell SPI to TopBuild Corp. (NYSE:BLD) in an all-cash transaction valued at $960 million. Read Incline’s press release The Kirkland team was led by corporate partners Walt Holzer and Melanie Harmon and associate Mike Bassi; and tax partner Roger Lucas and associate Chris Worek.

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