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April 19, 2026

 

RBC Capital Markets acts as joint lead financial advisor to TopBuild Corp.

QXO, Inc. announced that it has entered into a definitive agreement to acquire TopBuild for approximately $17 billion, significantly expanding QXO’s scale and capabilities across the building products value chain. The transaction is expected to be immediately and substantially accretive to the company’s earnings.

TopBuild is the largest distributor and installer of insulation and related building products in North America. The combination will bring together QXO’s leading positions in roofing, waterproofing, lumber-related building materials, and associated products with TopBuild’s insulation capabilities, creating a higher-margin business with expansive value-added offerings for customers.


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