---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-045245"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:19:59.826470+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# QXO to acquire TopBuild for $17B; creates 2nd largest public building products distributor

## Summary
- Per-share consideration: $505 cash or 20.20 QXO shares, subject to proration (45% cash/55% stock max).
- Combined company revenue >$18B, adjusted EBITDA >$2B; deal expected to close Q3 2026.
- Termination fee of $600M payable under specified circumstances; boards of both companies unanimously approved.
- QXO will gain #1 insulation position and expand into large-project verticals like data centers.
- QXO completed Kodiak acquisition ($2.25B) on April 1, 2026; TopBuild deal follows $13B total M&A in 11 months.

## SEC filing metadata
- accession: 0001104659-26-045245
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633931/000110465926045245/0001104659-26-045245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000110465926045245/bld-20260418x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-045245
- JSON: https://secwatch.observer/filing/0001104659-26-045245.json
- Plain text: https://secwatch.observer/filing/0001104659-26-045245.txt

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