QXO Inc. has completed its acquisition of Kodiak Building Partners, the former announced April 1.
The companies first announced the deal in February, paving the way for QXO to acquire Kodiak from Court Square Capital Partners. The deal is valued at about $2.25 billion.
QXO is a publicly traded distributor of building products in North America. It said it is working to “become the tech-enabled leader in the $800 billion building products distribution industry.”
About the QXO acquisition of Kodiak
In announcing the deal’s closing, QXO’s CEO said he expects the acquisition to benefit his company’s earnings this year.
“By acquiring Kodiak, we’re providing our customers with a wider range of product offerings and value-added services,” said Brad Jacobs, CEO at QXO, in a statement. “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.”
QXO said it expects to achieve its target of $50 billion in annual revenues “within the next decade.” It cited “accretive acquisitions and organic growth” as its core strategy.
“Today marks a definitive capstone for Kodiak as we join QXO and become a part of the most exciting company in building products,” said Steve Swinney, co-founder of Kodiak, as the deal’s closing was made official.
Swinney is now the leader of QXO’s new lumber and building materials division.
In January, QXO had expanded its previously announced financing to $3 billion. That increased its capacity to pursue acquisitions as it targets consolidation opportunities in the building-products distribution sector.
When QXO first announced it would acquire Kodiak, it said 16 of Kodiak’s top 20 vendors are also suppliers to Beacon Roofing Supply, QXO’s roofing and exterior products platform.
QXO completed its $11 billion acquisition of Beacon Roofing Supply in April 2025.
Since April 2025, QXO has:
- Appointed a chief technology officer (CTO), Val Liborski.
- Partnered with Roofr for real-time pricing and digital ordering.
- Made a $5 billion bid for GMS to expand its digital building products ambitions. (Ultimately, Home Depot acquired GMS in September for $5.5 billion.)
- Named a chief information officer (CIO), Eric Nelson.
- Named a chief procurement officer (CPO), Michael DeWitt.
Sign up
Sign up for a complimentary subscription to Digital Commerce 360 B2B News. It covers technology and business trends in the growing B2B ecommerce industry. Follow us on LinkedIn, X (formerly Twitter), Facebook and YouTube.
FavoriteThe post QXO completes Kodiak Building Partners acquisition appeared first on Digital Commerce 360.
from Digital Commerce 360 https://ift.tt/4PpLrg5
0 Comments