BLD TopBuild Corp
Price Chart
Executive Summary
QXO announced a definitive agreement to acquire TopBuild Corp. for $17 billion, creating the second-largest publicly traded building products distributor in North America with over $18 billion in combined revenue. The deal is structured to be immediately accretive to earnings and combines complementary businesses in insulation, roofing, and waterproofing.
Key Financial Metrics
Actionable Insight
Monitor regulatory approvals and shareholder votes in coming months; the deal's immediate earnings accretion and $300 million synergy target suggest strong integration potential. Watch for updates on financing structure as closing approaches in Q3 2026.
Key Facts
- QXO will acquire TopBuild for approximately $17 billion in a combination of cash and stock
- The combined company will have over $18 billion in revenue and more than $2 billion in adjusted EBITDA
- The transaction is expected to close in Q3 2026 and is subject to shareholder and regulatory approvals
- TopBuild shareholders can elect to receive $505 in cash or 20.2 shares of QXO stock per share, with 45% cash consideration maximum
- The deal is projected to generate $300 million in run-rate EBITDA synergies by 2030 through technology and operational improvements
Financial Impact
The $17 billion acquisition will create a company with $18.1 billion in combined revenue and over $2 billion in adjusted EBITDA, with immediate earnings accretion to QXO and $300 million in projected synergies by 2030.
Risk Factors
- Regulatory or shareholder approval delays could impact closing timeline
- Integration challenges between the two corporate cultures
- Failure to realize projected $300 million in synergies by 2030
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001104659-26-045562 |
| Document: 0001104659-26-045562-index-headers.html | 0001104659-26-045562 |
| Document: 0001104659-26-045562-index.html | 0001104659-26-045562 |
| Document: 0001104659-26-045562.txt | 0001104659-26-045562 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
2d ago
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Institutional Cluster
| $393.59 awaiting T+5 | awaiting T+5 | — | $411.08 (+4.44%) |
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Jun 5, 2026
7d ago
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ANALYST-DOWNGRADE
| $438.93 $408.84 | ▲ +6.86% | ▲ +8.03% | $411.08 (+6.34%) |
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Jun 5, 2026
7d ago
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ANALYST-DOWNGRADE
| $438.93 $408.84 | ▲ +6.86% | ▲ +8.03% | $411.08 (+6.34%) |
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Jun 4, 2026
8d ago
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425
| $405.25 awaiting T+5 | awaiting T+5 | — | $411.08 (+1.44%) |
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Jun 4, 2026
8d ago
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8-K
| $405.25 awaiting T+5 | awaiting T+5 | — | $411.08 (+1.44%) |
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May 29, 2026
14d ago
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DEFM14A
| $412.19 $401.82 | ▼ −2.52% | ▲ +0.23% | $411.08 (−0.27%) |
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May 21, 2026
22d ago
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ANALYST-DOWNGRADE
| $469.92 $435.15 | ▼ −7.40% | ▼ −8.48% | $411.08 (−12.52%) |
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May 16, 2026
27d ago
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ANALYST-UPGRADE
| $404.33 $443.31 | ▲ +9.64% | ▲ +7.72% | $411.08 (+1.67%) |
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May 11, 2026
4w ago
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425
| $424.63 $406.29 | ▼ −4.32% | ▼ −4.23% | $411.08 (−3.19%) |
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May 6, 2026
5w ago
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ANALYST-DOWNGRADE
| $438.93 $416.79 | ▲ +5.04% | ▲ +6.17% | $411.08 (+6.34%) |
US Market Status
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