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StocksHigh ImpactUpdated×9•Originally published 19 April 2026•Updated 20 April 2026•
1 min read

QXO to Acquire TopBuild in Landmark $17 Billion Deal

Key Facts

1QXO, Inc. entered into a definitive agreement to acquire TopBuild Corp. for approximately $17 billion.
2The transaction is expected to be immediately and substantially accretive to QXO's earnings.
3TopBuild is the leading distributor and installer of insulation and related building products.

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.