"Jacobs framed the deal as a game changer for QXO and its shareholders, emphasizing the significant expansion of product offerings and value-added opportunities."
"Once the deal closes, QXO will have an addressable market share of more than $300 billion and an enterprise value of about $50 billion."
"Jacobs praised TopBuild's strong operational execution, while also outlining a plan to grow the company's revenue and profitability through additional efficiencies."
"TopBuild is a publicly-traded installer and distributor of insulation and related products, while QXO specializes in various building materials."
Brad Jacobs' QXO is set to acquire TopBuild for $17 billion, enhancing its position in the building products market. The deal, expected to close by Q3 2026, will expand QXO's product offerings and geographic reach, positioning it as a leader in key categories. With an addressable market share exceeding $300 billion and an enterprise value of around $50 billion, QXO aims to improve revenue and profitability through operational efficiencies. This acquisition follows a recent $2.25 billion deal for Kodiak Building Partners, marking TopBuild as QXO's largest acquisition to date.
Read at www.housingwire.com
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