---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-045111"
form_type: "8-K"
ticker: "QXO"
cik: "0001236275"
company_name: "QXO, Inc."
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:17:11.117953+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# QXO to acquire TopBuild for ~$17B in cash/stock, creating #2 building products distributor

## Summary
- QXO to acquire TopBuild for ~$17B; each TopBuild share gets $505 cash or 20.2 QXO shares (45% cash/55% stock mix).
- Combined company >$18B revenue, >$2B adj. EBITDA; expected to be immediately accretive to QXO earnings.
- Transaction expected to close Q3 2026; subject to shareholder approvals, HSR clearance, and other conditions; termination fee $600M.
- QXO secured $3B term loan and $3B bridge financing from Morgan Stanley, Wells Fargo, Barclays; voting agreement with Jacobs Private Equity.
- Upon closing, QXO to hold #1 in insulation, #2 in roofing, #1 in waterproofing, top positions in lumber/BMS.

## SEC filing metadata
- accession: 0001104659-26-045111
- form_type: 8-K
- ticker: QXO
- cik: 0001236275
- company_name: QXO, Inc.
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1236275/000110465926045111/0001104659-26-045111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1236275/000110465926045111/tm2612209d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-045111
- JSON: https://secwatch.observer/filing/0001104659-26-045111.json
- Plain text: https://secwatch.observer/filing/0001104659-26-045111.txt

## Source-grounded claims
- claim_id: 3259c16759aea2e1795d4e8b777de983f8ee1276
  claim: QXO, Inc. entered into Agreement and Plan of Merger with TopBuild Corp. (effective 2026-04-18).
  evidence_excerpt: On April 18, 2026, QXO, Inc., a Delaware corporation (“QXO”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with TopBuild Corp., a Delaware corporation (“TopBuild”), Titanium MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of QXO (“Titanium Merger Sub”) and Titanium MergerCo 2, LLC, a Delaware limited liability company and wholly owned subsidiary of QXO (“Forward Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1236275/000110465926045111/0001104659-26-045111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.