QXO, Inc. (QXO), a building products distributor, on Wednesday said it has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion. QXO shares were trading more than 7% higher in pre-market activity.
The purchase price comprises $2 billion in cash and 13.2 million QXO shares, with the company retaining the right to repurchase the shares at $40 per share. The transaction is expected to close early in the second quarter of 2026.
QXO said the deal is expected to be highly accretive to 2026 earnings and will expand its current addressable market to more than $200 billion.
Kodiak, a distributor of essential building products, had generated revenue of $2.4 billion in 2025.
QXO said the acquisition will broaden its product offering and strengthen its position with major homebuilders. The deal supports the company's strategy to become a comprehensive supplier for large-scale construction projects.
Brad Jacobs, Chairman and Chief Executive Officer of QXO, said, "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."
On Tuesday, the stock closed at $23.21, down 0.43%.
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