QXO to Acquire TopBuild in Landmark $17 Billion Deal

QXO, Inc. has entered into a definitive agreement to acquire TopBuild Corp. for approximately $17 billion, a move unanimously approved by the boards of directors of both companies. The transaction is projected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals. Valued at 14.9x 2025E EBITDA, the merger aims to create a powerhouse with a $50 billion revenue target and leading positions in the insulation and roofing sectors. CEO Brad Jacobs highlighted the strategic rationale in an investor presentation, noting the deal's potential for immediate earnings accretion. This landmark acquisition is set to transform the combined entity into a dominant force within the global construction supplies distribution market.