QXO Inc. said it’s acquiring insulation company TopBuild Corp. for about $17 billion, making QXO the second-largest publicly traded building products distributor in North America.
QXO’s offer values TopBuild at $505 per share, a 23% premium to the stock’s closing price of $410.31 on Friday. QXO plans to pay up to a cap of 45% of the aggregate transaction value in cash and offer up to 20.2 shares of its common stock for the remainder.
The transaction, which is expected to close in the third quarter of 2026, would follow QXO’s acquisitions of Beacon Roofing Supply Inc. in ...
