TopBuild Corp.

Money Moves

Target; agreed to $17 billion acquisition by QXO

Two years ago, Brad Jacobs put $1 billion into a tiny software company, renamed it QXO, and declared he would build a building products distribution giant worth $50 billion in revenue. On April 19, 2026, QXO announced it will acquire TopBuild — North America's largest insulation distributor and installer — for approximately $17 billion, paying TopBuild shareholders $505 per share in a mix of cash and stock. The deal is QXO's third major acquisition in twelve months, following the $11 billion purchase of Beacon Roofing Supply and the $2.25 billion buyout of Kodiak Building Partners.

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