QXO has completed its acquisition of insulation distribution giant TopBuild, the company announced Wednesday.
QXO originally announced the proposed $17 billion deal in April. The move is QXO’s third takeover since its formation in 2024, joining its $11 billion purchase of Beacon and a more than $2 billion buyout of Kodiak Building Partners.
The company said that it is now among the largest or second-largest providers of insulation, roofing and waterproofing in North America, as well as in lumber and building materials “in key geographies served.”
“By acquiring TopBuild, we’re broadening our product offering, adding installation capabilities, and expanding our exposure to fast-growing end markets like data centers,” QXO Chairman and CEO Brad Jacobs said in a statement.
QXO also announced that former TopBuild Chairman Alec Covington has joined the company’s board; he replaces Jared Kushner — President Trump’s son-in-law — who resigned from the board to “focus on other commitments.”
