QXO to acquire Kodiak Building Partners for $2.25bn.

QXO, a distributor of building products, agreed to acquire Kodiak Building Partners, a national distributor of essential building products, for $2.25bn. “The acquisition of Kodiak is highly complementary to our existing business. We’ll be able to deliver more value to customers across our combined base by cross-selling products and support services, and with a greater presence in key markets. And we expect the integration to accelerate margin expansion through scaled procurement, network optimization, AI-powered inventory management, and other tech-enabled operating efficiencies. Our acquisition pipeline remains very active, with plenty of dry powder from our recently announced equity financings led by Apollo and Temasek,” Brad Jacobs, QXO Chairman and Chief Executive Officer.