QXO Acquires TopBuild for $17B

The offer values each TopBuild share at $505, representing a 23% premium over its recent closing price.

This strategic move is expected to create the second-largest building products distributor in the country.

Jacobs has a long history of consolidating fragmented industries, having previously built XPO and United Rentals.

The acquisition is subject to regulatory approval and is expected to close later this year, significantly reshaping the competitive landscape of the construction supply industry.