On the Record · QXO Insulation

QXO Insulation acquisitions, on the record

The businesses QXO Insulation bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
SPI Word for word“On July 26, 2023, we entered into a definitive agreement to acquire SPI.” 10-K for 2023	agreed acquisition	July 26, 2023	—
residential insulation business of SRI Word for word“On January 26, 2023, we acquired the assets of the residential insulation business of SRI.” 10-K for 2023	acquisition	January 26, 2023	—
residential insulation installer business Rocky Mountain Word for word“On July 10, 2023, we acquired the assets of the residential insulation installer business Rocky Mountain.” 10-K for 2023	acquisition	July 10, 2023	—
residential insulation business Best Word for word“On July 17, 2023, we acquired the assets of the residential insulation business Best.” 10-K for 2023	acquisition	July 17, 2023	—
residential insulation business of Panhandle Word for word“On October 6, 2023, we acquired the assets of the residential insulation business of Panhandle.” 10-K for 2023	acquisition	October 6, 2023	—
acquired businesses (not named) Word for word“Net cash used in investing activities was $203.5 million for the year ended December 31, 2024, primarily comprised of $136.8 million for acquisitions and $69.3 million for purchases of property and equipment (primarily vehicles, equipment and computer hardware and software).” 10-K for 2024	acquisition	for the year ended December 31, 2024	$136.8 million
a non-core business (not named) Word for word“The increase was driven by a 2.5 percent increase in sales from acquisitions and a 1.1 percent impact from higher selling prices, partially offset by a 0.7 percent decline in sales volume and a decline of 0.3 percent driven by the disposition of a non-core business.” 10-K for 2024	divestiture	—	—
Progressive and SPI Word for word“As described in Notes 1 and 15 to the consolidated financial statements, on July 14, 2025 and October 7, 2025, the Company completed the acquisitions of Progressive and SPI for consideration of $818.2 million and $1.0 billion respectively.” 10-K for 2025	acquisition	July 14, 2025 and October 7, 2025	$818.2 million and $1.0 billion respectively

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$3.5 million	$1 million
2017-12-31	$84.1 million	$32.1 million
2018-12-31	$500.2 million	$286.8 million
2019-12-31	$7 million	—
2020-12-31	$83.4 million	—
2021-12-31	$1.27 billion	—
2022-12-31	$20.5 million	—
2023-12-31	$149.2 million	—
2024-12-31	$136.8 million	—
2025-12-31	$1.93 billion	—

Deal filings since 2016

2026-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-07-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2026-06-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-04-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-09-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-07-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2021-10-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-09-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-03-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from QXO Insulation’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.