QXO Inc., Greenwich, Conn., has announced it has entered into a definitive agreement to acquire TopBuild Corp., Daytona Beach, Fla., for about $17 billion, according to a QXO press release. The transaction is expected to significantly expand QXO’s scale and capabilities across the building products value chain.
TopBuild is the largest distributor and installer of insulation and related building products in North America. The agreement will combine QXO’s position in roofing, waterproofing, lumber-related building materials and associated products with TopBuild’s insulation capabilities. The acquisition is expected to close during the third quarter of 2026.
Following the acquisition of TopBuild, QXO will have about 28,000 employees; 1,150 locations across all 50 U.S. states and seven Canadian provinces; and a fleet size of more than 10,000 vehicles.
“Over the past 11 months, we’ve built QXO into a market leader through more than $13 billion of acquisitions, closing on Beacon in 2025 and Kodiak earlier this month,” said Brad Jacobs, chairman and CEO of QXO. “TopBuild will be our most significant acquisition yet, making QXO the second largest publicly traded building products distributor in North America, with more than $18 billion of combined company revenue and more than $2 billion of combined company adjusted EBITDA.”
.jpg)
