QXO has closed its $2.25 billion acquisition of Kodiak Building Partners from Court Square Capital Partners. The deal expands QXO’s addressable market to over $200 billion and is expected to be highly accretive to 2026 earnings as the company pursues $50 billion in annual revenue.
QXO, Inc. has finalized the acquisition of Kodiak Building Partners from private equity firm Court Square Capital Partners for approximately $2.25 billion. The transaction expands QXO’s addressable market to more than $200 billion, according to company disclosures. The acquisition integrates Kodiak’s operations into QXO’s building products distribution platform. Steve Swinney, co-founder of Kodiak, will lead QXO’s newly formed lumber and building materials (LBM) division. The company anticipates the deal will be highly accretive to 2026 earnings as it works toward a stated goal of $50 billion in annual revenue.
The acquisition represents a significant consolidation move in the fragmented building products distribution sector. For QXO, which has signaled an aggressive growth strategy under Chairman and CEO Brad Jacobs, the deal substantially increases scale and geographic reach while adding complementary product lines. For Court Square Capital Partners, the exit delivers a return on a platform that expanded considerably under its ownership.
The combined entity gains enhanced purchasing power and cross-selling opportunities across residential and commercial construction end-markets. Competitors in the building materials distribution space may face increased pricing pressure and heightened consolidation activity as scaled players pursue efficiency gains. For suppliers and contractors, the merger could reshape supply chain dynamics, potentially streamlining procurement but also reducing vendor options in certain regions.
QXO, Inc. is a publicly traded building products distribution company listed on the New York Stock Exchange.
Kodiak Building Partners is a diversified building materials distributor with operations across multiple U.S. markets.
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