TopBuild Acquired by QXO | Construction M&A Deal

QXO has acquired TopBuild, a construction other business in Florida, for $17 billion. QXO acquisitions will expand its building products distributor footprint by combining with TopBuild, the largest North American insulation distributor and installer based in Daytona Beach. The strategic acquisition strengthens QXO’s roofing, waterproofing, and lumber-related materials capabilities and supports a broader construction M&A platform across the U.S. market. The merger acquisition is announced, board-approved, and expected to close in Q3 2026, subject to shareholder approval, with combined revenue projected above $18 billion and over $2 billion in adjusted EBITDA.