“Our acquisition pipeline remains very active, with plenty of dry powder from our recently announced equity financings,” Brad Jacobs said. (XPO)
February 11, 2026 9:12 AM, EST
QXO Inc. agreed to buy Kodiak Building Partners for about $2.25 billion to expand its construction products business into key markets in the U.S.
The Connecticut-based QXO is buying Kodiak from Court Square Capital Partners in a deal that will be funded with $2 billion of cash and 13.2 million shares. QXO will retain the right to buy back the shares at $40 each.
Kodiak generated about $2.4 billion of revenue in 2025 distributing lumber, trusses, windows, doors and other construction supplies in the U.S. The business is a leader in many of its key markets with a strong concentration in the Sun Belt and Mountain states. About 40% of Kodiak’s revenue comes from Florida and Texas, where building market growth has outperformed the national market over the last decade.
Shares in QXO rose as much as 5.7% in premarket trading on Feb. 11. The stock has risen 20% so far this year through the Feb. 10 close.
QXO said adding Kodiak’s business to its own would help it deliver better value to customers and allow the cross-selling of products and support services to clients. It will also particularly boost its services to house builders on large, multisite developments and master-planned communities.
Onward and upwardhttps://t.co/8oxbg0IrYW
— QXO (@QXOInc) February 11, 2026
Brad Jacobs, chairman and CEO of QXO, said the company is looking at further deals too.
“Our acquisition pipeline remains very active, with plenty of dry powder from our recently announced equity financings,” he said.
QXO acquired Beacon Roofing Supply Inc. for $11 billion including debt last year after winning a takeover battle.
QXO ranks No. 70 on the Transport Topics Top 100 list of the largest private carriers in North America.
