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# 28,000 Workers. 1,150 Locations. All 50 States. Meet the New QXO.
- URL: https://american-made.ghost.io/28-000-workers-1-150-locations-all-50-states-meet-the-new-qxo/
- Published: 2026-07-16T13:56:33.000Z
- Updated: 2026-07-16T13:56:33.000Z
- Description: TopBuild crews install fiberglass, spray foam, and blown-in insulation in nearly every new American home. That workforce now belongs to Brad Jacobs.
- Author: American Made
- Tags: #Import 2026-08-17 12:34

## AMERICANMADE

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Brad Jacobs has done this before. Seven times, actually.

In the 1990s, he bought up small trash haulers. Rolled them into United Waste. Sold it for over a billion. Then he did equipment rentals. Built United Rentals from scratch. Made 250 deals in ten years. The stock beat the S&P 500 by more than two times.

Then came XPO Logistics. He grew it from $175 million in revenue to $13 billion.

Eight companies in all. Every single one hit a billion dollars or more.

Now the man is 69\. And he’s doing it one more time.

On July 1, QXO closed its biggest deal yet. It bought TopBuild for $17 billion.

TopBuild was the largest insulation installer in North America. About 14,000 workers across more than 400 locations. Revenue hit $5.4 billion last year. First-quarter 2026 sales jumped 17%.

Here’s the thing about insulation. Every new house in America needs it. Every renovation too. Fiberglass. Spray foam. Blown-in. If walls go up, TopBuild’s crews show up.

The company also distributes building materials to contractors across the country. Not glamorous. But essential.

QXO paid $505 a share. A 23% premium. TopBuild shareholders could pick cash or QXO stock. About 91% elected cash, though the total cash-and-stock split was fixed by the deal terms.

Total price: approximately $6.4 billion in cash plus roughly 312 million new QXO shares. QXO took on $6 billion in new debt to make it happen.

Both sets of shareholders approved the deal on June 29\. About 99% of QXO votes said yes. The deal closed two days later.

This wasn’t QXO’s first big buy. Not even close.

In 2025, Jacobs bought Beacon Roofing for $11 billion. In April 2026, he grabbed Kodiak Building Partners for $2.25 billion. Now TopBuild for $17 billion.

That’s over $30 billion in deals. All in about 14 months.

The combined QXO now has $18 billion in revenue. Over $2 billion in EBITDA—that’s earnings before interest, taxes, and some accounting items. It has 28,000 workers. 1,150 locations in all 50 states and seven Canadian provinces. More than 10,000 vehicles.

Let that sink in. A year ago, QXO barely existed.

Jacobs uses the same blueprint every time. Pick a big, fragmented industry. Buy the best operators. Add technology. Cut waste. Grow.

Building products distribution is an $800 billion market. Full of small, local players. That’s exactly the kind of industry Jacobs loves.

He’s not just buying companies. He’s building one platform. One brand. One team. Beacon and Kodiak got rebranded QXO on day one after closing. TopBuild gets the same treatment.

QXO stock has pulled back. It topped $27 earlier this year. Now it sits around $14\. Some analysts have cut price targets.

The debt is real. $6 billion in new borrowing is heavy. If the housing market slows, that weight gets harder to carry.

But Jacobs has been here before. United Rentals stock dropped after early deals too. Then it crushed the market for a full decade.

The man has a pattern. And the pattern works.

QXO is the direct play. At roughly $14 a share, you’re getting Brad Jacobs’ track record at a steep discount from its 2026 high. The company targets $50 billion in annual revenue within the next decade and roughly $4 billion in organic EBITDA by 2030.

Owens Corning makes the fiberglass insulation that crews like TopBuild’s install every day. More homes means more insulation. Simple.

Builders FirstSource is a sector peer to watch. If QXO’s roll-up lifts the whole space, BLDR rises with it.

Every home needs a roof. Every wall needs insulation. America is building. And these companies sit right in the middle of it.