QXO’s Jacobs Sees TopBuild Deal as Key Step to $50 Billion Path

QXO Inc.’s Brad Jacobs talked up the planned acquisition of TopBuild Corp. as a key step toward expanding his building-products distributor into an industry behemoth with $50 billion in sales.

“We’re looking at every aspect of building products,” Jacobs, QXO’s billionaire chief executive officer, said Monday in a Bloomberg Television interview. “There is no part of building products that is off the table for us.”

QXO’s agreement to buy insulation maker TopBuild for about $17 billion underscored Jacobs’ dealmaking zeal. He led a group that put $1 billion into Nasdaq-listed SilverSun Technologies Inc. and, in late 2023, announced the spinoff ...