QXO to Acquire TopBuild for $17 Billion

Paul, Weiss is advising QXO, Inc., a leading distributor of building products in North America, in its $17 billion acquisition of TopBuild Corp., the largest North American distributor and installer of insulation and related building products. The deal will significantly expand QXO’s scale and capabilities across the building products value chain, making it the second-largest publicly traded distributor of all building products in North America. The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Nickolas Bogdanovich, Stan Richards, David Huntington and Scott Barshay, and includes partners Danielle Penhall, Mark Wlazlo, David Hong and David Sobel; executive compensation partners Christopher Gonnella and Jean McLoughlin; antitrust partners Ross Ferguson and Yuni Sobel; tax partner Scott Sontag and counsel Alyssa Wolpin; intellectual property partner Jonathan Ashtor; and litigation of counsel Marty Flumenbaum.