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QXO agreed to acquire TopBuild in a roughly $17 billion cash-and-stock transaction, positioning the combined company as a leading North American distributor.
The QXO TopBuild acquisition offers $505 per share in cash or 20.2 QXO shares, with consideration capped at 45% cash and 55% stock. This cash-and-stock deal would create the second-largest publicly traded building products distributor, with more than $18 billion in revenue and over $2 billion in adjusted EBITDA.
Both boards approved the transaction, which carries a 23.1% premium to TopBuild’s April 17 closing price and is expected to close in the third quarter of 2026 pending shareholder approval.
The combined business targets about $300 million in synergies by 2030 and will operate roughly 1,150 sites across the U.S. and Canada. #qxo #topbuild #acquisition #constructionindustry #businessnews
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