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0 0 0.00658895083628986 0.00658895083628986 0.00354789660415612 -0.00253421186011154 0.00354789660415612 0.00810947795235682
Stock impact report

QXO Completes Acquisition of Kodiak Building Partners

QXO, Inc. (QXO) 
Company Research Source: Business Wire
Deal Expected to Be Highly Accretive to QXO’s Earnings in 2026 GREENWICH, Conn. and ENGLEWOOD, Colo.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) today announced it has completed its acquisition of Kodiak Building Partners (“Kodiak”) from Court Square Capital Partners for approximately $2.25 billion, expanding QXO’s addressable market to more than $200 billion.Brad Jacobs, Chairman and Chief Executive Officer of QXO, said, “By acquiring Kodiak, we’re providing our customers with a wider range of product offerings and value-added services. In addition, we expect the deal to be highly accretive to 2026 earnings and we remain on track to achieve our goal of $50 billion in annual revenue.”Steve Swinney, co-founder of Kodiak and leader of QXO’s new LBM division, added, “Today marks a definitive capstone for Kodiak as we join QXO and become a part of the most exciting company in building products.”AdvisorsMorgan Stanley & Co. LLC and Wells Fargo acted as financial advisors to QXO, and Paul, W Show less Read more
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