Brad Jacobs on His Big Bet on Building Insulation
4/21/202641 min
He's done it again. On Sunday night, building supply company QXO announced that it would be acquiring TopBuild for $17 billion. TopBuild sells and installs insulation for both the residential and commercial markets. For Brad Jacobs, the CEO of QXO, this is just the latest in a lifetime of deals he's made. In fact, he's made over 500 deals in his life across numerous public companies that he's founded, most of which have XO somewhere in the ticker. Brad's companies all tend to be highly focused on the so-called "old economy" or real physical world, but of course, as we've seen with the datacenter boom, the old economy is still hot and crucial. So we talk about the logic behind this deal, how the insulation market works, and the general state of the building supply market right now.
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First 90 secondsBrad Jacobs· Guest0:00
Hey, Fidelity. [piano note plays] What's it cost to invest with the Fidelity app?
Joe Weisenthal· Host0:03
[piano notes play] Start with as little as $1 with no account fees or trade commissions on US stocks and ETFs.
Brad Jacobs· Guest0:11
Hmm. That's music to my ears.
Joe Weisenthal· Host0:13
I can only talk.
Speaker 20:15
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Speaker 30:28
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Speaker 41:04
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