TopBuild Acquired by QXO | Construction M&A Deal

QXO has acquired TopBuild, a specialty contracting business in Florida, for $17 billion. TopBuild supplies and installs insulation and related building products, expanding QXO’s specialty contracting footprint across the construction value chain in FL acquisitions. QXO acquisitions also strengthen distribution and installation capabilities for complementary systems such as gutters, garage doors, fireproofing, and commercial roofing. The QXO acquisitions program is led by a private equity acquisition strategy, with the TopBuild acquisition positioned as an add-on acquisition expected to close by the end of Q3 2026. QXO plans to integrate TopBuild into a digital platform to scale cross-selling and improve operational efficiency as it targets growth toward $50 billion revenue.