Building products distributor QXO announced Wednesday that it has reached an agreement to acquire Kodiak Building Partners in a deal valued at $2.25 billion.
QXO, led by former XPO head Brad Jacobs, would add the Colorado-based company after acquiring Beacon for $11 billion last year. The company said that Kodiak generated some $2.4 billion in 2025 revenues and highlighted its presence in the fast-growing Intermountain West and Sun Belt regions. The move, officials added, would also position QXO to bolster its market share and wallet share with large homebuilders.
“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,” Jacobs said in the announcement.
The proposed deal includes $2 billion in cash along with 13.2 million stock shares; QXO would retain the right to repurchase those shares at a price of $40 per share.
The transaction is expected to close early in the second quarter of 2026, subject to closing conditions. Jacobs said that the company’s acquisition pipeline continues to be “very active” following a pair of recent fundraising rounds.
“QXO is the most exciting company in the industry,” Kodiak co-founder and CEO Steve Swinney said in the statement. “By joining forces, we’re moving from strength to strength to unlock new opportunities for our customers and employees.”
