QXO (NYSE:QXO) announced on Wednesday, April 1, 2026, the successful completion of its acquisition of Kodiak Building Partners from Court Square Capital Partners.
The transaction, valued at approximately $2.25 billion, represents a foundational move for QXO as it aggressively scales its presence in the fragmented $200 billion building products distribution industry.
The acquisition officially launches QXO’s new Lumber and Building Materials (LBM) division, which will be led by Steve Swinney, the co-founder of Kodiak.
With the addition of Kodiak’s extensive network, QXO significantly broadens its product portfolio and value-added service capabilities, providing a comprehensive solution for professional contractors and homebuilders across North America.
Brad Jacobs, Chairman and Chief Executive Officer of QXO, emphasized the strategic importance of the deal, noting that it is expected to be highly accretive to 2026 earnings.
The acquisition serves as a primary engine for QXO’s ambitious growth roadmap, as the company remains on track to achieve its stated goal of $50 billion in annual revenue through a combination of organic growth and disciplined M&A activity.