Major Shareholder Jacobs Private Equity II Commits to Vote for TopBuild Acquisition Share Issuance
QXO has more than doubled off its 52-week low of $11.97 on elevated volume (6.6× avg).
Summary
A major insider and significant shareholder, Jacobs Private Equity II, LLC, has signed a voting agreement to support the share issuance for QXO's $17 billion acquisition of TopBuild Corp.
Key Events · Ownership and Investor Activity · QXO
-
Voting Agreement Signed
Jacobs Private Equity II, LLC (JPE) and TopBuild Corp. entered into a Voting Agreement on April 18, 2026, in connection with QXO's acquisition of TopBuild.
-
Commitment to TopBuild Merger
JPE has agreed to vote all of its shares in QXO, Inc. in favor of the issuance of shares required for the $17 billion acquisition of TopBuild Corp.
-
Significant Insider Support
Bradley S. Jacobs, as Managing Member of JPE, beneficially owns approximately 35.9% of QXO's voting stock, making his commitment a strong signal for the merger's progression.
Analysis · QXO · Trade & Services
This Schedule 13D/A reveals that Jacobs Private Equity II, LLC (JPE) and Bradley S. Jacobs, who collectively hold a significant stake of approximately 35.7% to 35.9% in QXO, Inc., have entered into a Voting Agreement. This agreement commits them to vote all their shares in favor of the share issuance required for QXO's previously announced $17 billion acquisition of TopBuild Corp. This commitment from a major insider and substantial shareholder significantly de-risks the shareholder approval process for the transformational merger, providing greater certainty for investors regarding the deal's completion.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, QXO was trading at $24.47 on NYSE in the Trade & Services sector, with a market capitalization of approximately $17.2B. The 52-week trading range was $11.97 to $27.61. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.