Brad Jacobs' New Venture QXO to Acquire TopBuild in $17 Billion Deal
Logistics magnate Brad Jacobs has announced the first major acquisition for his new company, QXO. The firm intends to acquire TopBuild, a leading US distributor of insulation and building products, in an all-stock deal. The transaction is valued at approximately $17 billion, including the assumption of debt. This move marks the first step in Jacobs' strategy to create a major force in the building products distribution sector. Jacobs is renowned for his previous success in consolidating industries through ventures like XPO Logistics and GXO Logistics.
Official Source: https://theloadstar.com/brad-jacobs-qxo-to-acquire-topbuild-for-17bn/