QXO has completed its acquisition of Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, marking a significant step in its strategy to scale its presence in the building products distribution market.
The transaction expands QXO’s addressable market to more than $200 billion and is expected to be highly accretive to the company’s earnings in 2026. The acquisition also strengthens QXO’s product offerings and service capabilities while supporting its long-term goal of reaching $50 billion in annual revenue.
Kodiak’s operations will form part of QXO’s newly established lumber and building materials division, enhancing the company’s footprint across North America. Leadership continuity is maintained with Kodiak co-founder Steve Swinney taking a key role within the division.
Advisors to QXO included Morgan Stanley and Wells Fargo as financial advisors, with Paul, Weiss, Rifkind, Wharton & Garrison LLP serving as legal counsel. Kodiak was advised by RBC Capital Markets and KeyBanc Capital Markets, with Dechert LLP acting as legal counsel.
QXO continues to pursue a strategy centered on acquisitions and organic growth to build a tech-enabled leader in the building products distribution sector.
KEY QUOTES:
“By acquiring Kodiak, we’re providing our customers with a wider range of product offerings and value-added services. In addition, we expect the deal to be highly accretive to 2026 earnings and we remain on track to achieve our goal of $50 billion in annual revenue.”
Brad Jacobs, Chairman And Chief Executive Officer, QXO
“Today marks a definitive capstone for Kodiak as we join QXO and become a part of the most exciting company in building products.”
Steve Swinney, Co-Founder Of Kodiak And Leader Of QXO’s New LBM Division
