North American building product distribution giant QXO Corporation plans to spend 17 billion US dollars to acquire TopBuild.

QXO Company announced today that it has reached a final acquisition agreement to acquire TopBuild Company for approximately $17 billion. This transaction will greatly expand QXO's business scale and comprehensive strength in the entire building materials industry chain, and the acquisition will immediately significantly enhance the company's profitability. TopBuild is the largest distributor and construction service provider of insulation materials and related building materials in North America. This merger will integrate the strengths of both parties: QXO's leading position in roofing materials, waterproofing materials, lumber building materials, and related products, combined with TopBuild's core capabilities in insulation materials, to create a higher gross margin business system and provide customers with more comprehensive value-added services. The transaction has received unanimous approval from the boards of directors of both companies, and still needs to meet routine closing conditions, including approval by the shareholders of both companies. The acquisition is expected to be completed in the third quarter of 2026.