US-based building products distributor QXO has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for about $2.25bn. The deal includes $2bn in cash alongside 13.2 million shares, which QXO can repurchase at $40 per share. The acquisition is anticipated to significantly enhance QXO’s earnings by 2026 and broaden its addressable market to over $200bn. Established in 2011, Kodiak is a national distributor of key building products, such as lumber, trusses, windows, doors, constru ...

QXO, the Brad Jacobs-led company that has targeted rolling up companies in a fragmented building products industry, has made its second acquisition since it came into existence. Wall Street immediately gave the acquisition of Kodiak from a private equity firm a gigantic round of applause: QXO (NYSE: QXO) stock rose 16.61% Wednesday, up $3.86 to $27.07. Its closing price was just under its high for the day. Kodiak will be acquired for $2 billion in cash and 13.2 million QXO shares. When the deal was anno ...