Mergers & Acquisitions ·
QXO, Inc. completed its acquisition of TopBuild Corp., which was renamed QXO Insulation, LLC. TopBuild stockholders of…
BLDQXO Insulation, LLC
QXO, Inc. completed its acquisition of TopBuild Corp., which was renamed QXO Insulation, LLC. TopBuild stockholders of record representing approximately 91.0% of outstanding shares elected to receive a combination of $249.67 in cash and 10.212 QXO common stock shares per TopBuild share. The transaction involved significant debt restructuring, including $1.5 billion in 6.500% senior notes due 2031 and $1.5 billion in 6.875% senior notes due 2034, alongside a $3.0 billion incremental term loan facility. QXO Insulation, LLC operates in the building products and insulation industry.