Deals

How QXO Pulled Off Its Biggest Deal Yet

Serial dealmaker Jacobs agrees QXO’s biggest acquisition to date.

A construction worker at a housing development.Photographer: Matt McClain/Bloomberg

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By David Carnevali

April 20, 2026 at 5:25 PM UTC

This article is for subscribers only.

Hi, it’s David Carnevali here with a run down on the latest acquisition from serial dealmaker Brad Jacobs—a $17 billion union between his new company, QXO and TopBuild. Also today, we report Pernod Ricard’s preference in its acquisition partner.

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