Tracked deals
14
14 tracked deals across 2020-2026.
Public Company
Industrial Services
QXO
East Hanover, New Jersey, United States
Formerly known as QXO, Inc., TopBuild, TopBuild Corp
QXO is a publicly traded North American building products distributor and installer. Following its 2026 acquisition of TopBuild, its operations include insulation installation and distribution, commercial roofing, and other building products serving construction customers.
- Focus Areas
- Insulation installation, Insulation and mechanical insulation distribution, Commercial roofing installation
- Website
- qxo.com
Recent pace
2
2 tracked deals announced in the last 12 months.
Deal mix
Buyout
12 buyout · 1 addon · 1 divestiture
QXO Acquisition Volume by Year
Last 7 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 14 tracked deals for QXO.
-
February 26, 2026
- Buyer
- TopBuild
- Target
- Johnson Roofing
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
TopBuild has entered into an agreement to acquire Johnson Roofing, a commercial roofing installation services company serving Texas, Louisiana, and Oklahoma. The deal is intended to expand TopBuild’s commercial roofing services platform, deepen its Central Texas presence, and better serve general contractor customers in the fragmented commercial roofing market.
-
February 8, 2026
- Buyer
- TopBuild
- Target
- Applied Coatings, Upstate Spray Foam
- Seller
- Billy Gibson
- Industry
- Construction
- Location
- New York, United States
- Type
- Buyout
TopBuild has acquired Applied Coatings and Upstate Spray Foam, two Winfield, New York-based contractors that collectively generate about $20 million in annual revenue. The acquisitions expand TopBuild’s installation and specialty distribution footprint in the U.S. Northeast, strengthening its presence across New York, Pennsylvania and Massachusetts; financial terms were not disclosed.
-
October 8, 2025
- Buyer
- TopBuild Corp.
- Target
- Specialty Products and Insulation (SPI)
- Seller
- Incline Equity Partners
- Industry
- Building Products
- Location
- North Carolina, United States
- Type
- Buyout
TopBuild Corp. acquired Specialty Products and Insulation (SPI) from Incline Equity Partners in an all-cash transaction valued at $1.0 billion. The acquisition expands TopBuild’s geographic footprint and mechanical insulation fabrication capabilities, adds ~90 branches and ~1,000 employees, and increases TopBuild’s exposure to recurring maintenance and repair revenue.
-
- Buyer
- TopBuild Corp.
- Target
- Progressive Roofing
- Seller
- Bow River Capital
- Industry
- Construction
- Location
- Arizona, United States
- Type
- Buyout
TopBuild Corp. has acquired Progressive Roofing from Bow River Capital in an all-cash transaction valued at $810 million. Progressive Roofing, headquartered in Phoenix, Arizona, is a national commercial roofing contractor with about 1,700 employees and 12 branches; the acquisition expands TopBuild's service capabilities and geographic footprint in commercial roofing.
-
- Buyer
- TopBuild Corp.
- Target
- Texas Insulation
- Seller
- Energy One America
- Industry
- Building Products
- Location
- Texas, United States
- Type
- Divestiture
TopBuild Corp. has acquired Texas Insulation, a regional subsidiary of Energy One America, effective June 3. Texas Insulation—which generates approximately $39 million in annual revenue—will transition its leadership to TopBuild as the buyer looks to expand its Texas footprint and integrate the business into its insulation services platform.
-
May 6, 2024
- Buyer
- TopBuild Corp.
- Target
- Insulation Works
- Seller
- Brett Counts
- Industry
- Building Products
- Location
- Arkansas, United States
- Type
- Buyout
TopBuild Corp. has entered into an agreement to acquire Insulation Works, a Wickes, Arkansas-based insulation installer and specialty distributor that operates three locations and generates approximately $28 million in annual revenue. The acquisition expands TopBuild’s residential, light-commercial and agricultural insulation capabilities and footprint in Arkansas and surrounding states.
-
February 1, 2024
- Buyer
- TopBuild Corp.
- Target
- Pest Control Insulation (TAP Pest Control Insulation)
- Industry
- Building Products
- Location
- Georgia, United States
- Type
- Buyout
TopBuild Corp. has acquired the assets of Pest Control Insulation (TAP), a specialty distributor of blended and custom insulation products sold exclusively to the pest control industry. The acquisition expands TopBuild’s Specialty Distribution capabilities and adds a national customer base; Pest Control Insulation reported approximately $24 million of revenue in 2023 and will have one of its owners join TopBuild to continue growing the business.
-
January 26, 2023
- Buyer
- TopBuild Corp.
- Target
- SRI Holdings, LLC (residential insulation business)
- Seller
- SRI Holdings, LLC
- Industry
- Building Products
- Location
- United States
- Type
- Buyout
TopBuild Corp. has acquired the assets of the residential insulation business of SRI Holdings, LLC, adding approximately $62 million of revenue and expanding TopBuild's presence across Georgia, Michigan, Ohio, Florida, Alabama and South Carolina. The acquisition integrates SRI's residential installation operations into TopBuild's Installation segment and strengthens its footprint in key U.S. residential markets.
-
February 7, 2022
- Buyer
- TopBuild Corp.
- Target
- Billings Insulation
- Industry
- Construction
- Location
- Montana, United States
- Type
- Buyout
TopBuild Corp. (TruTeam) has acquired Billings Insulation, a residential insulation installer serving Montana and northern Wyoming. The acquired business generated approximately $6.5 million in revenue for the twelve months ended December 31, 2021 and will be integrated into TopBuild’s TruTeam installation platform to expand its regional footprint.
-
November 9, 2021
- Buyer
- TopBuild Corp.
- Target
- Tonks Insulation, Shepherds Insulation
- Industry
- Construction
- Location
- United States
- Type
- Addon
TopBuild Corp.'s TruTeam business acquired Tonks Insulation (St. George, Utah) and Shepherds Insulation (Pueblo, Colorado), expanding its installation footprint in southern Utah and Colorado. The two businesses generated approximately $6 million of combined revenue in 2020 and will be integrated into TopBuild's TruTeam installation platform.
-
October 6, 2021
- Buyer
- TopBuild Corp.
- Target
- California Building Products
- Industry
- Building Products
- Location
- California, United States
- Type
- Buyout
TopBuild Corp. has acquired California Building Products, a residential and light commercial insulation company serving Bakersfield, Modesto and Fresno, California. The acquisition (CBP generated approximately $18 million in trailing twelve-month revenue) expands TopBuild’s residential presence and strengthens its operations in Northern California.
-
August 23, 2021
- Buyer
- TopBuild Corp.
- Target
- Valley Gutter Supply
- Industry
- Building Products
- Location
- California, United States
- Type
- Buyout
TopBuild Corp. acquired Valley Gutter Supply, a Los Angeles-area fabricator and distributor of gutter products and specialty metals. The acquisition adds roughly $10 million of annual revenue and is intended to expand TopBuild’s Service Partners gutter fabrication and distribution capacity throughout California.
Related Acquisition Pages
Building Products Buyers & Acquisitions
8 tracked deals by QXO.
Construction Buyers & Acquisitions
5 tracked deals by QXO.
Industrial Services Buyers & Acquisitions
1 tracked deal by QXO.
Acquisitions in Texas
4 tracked deals by QXO.
Acquisitions in California
2 tracked deals by QXO.
Acquisitions in Arizona
1 tracked deal by QXO.
Acquisitions in Arkansas
1 tracked deal by QXO.
Selling a company? Get in front of buyers like QXO
Turn tracked acquisition activity into an outreach-ready buyer list.