QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion on February 10, 2026. The consideration includes cash payment of $2 billion and issuance of 13,157,895 shares.
For the period ending December 31, 2025, Kodiak Building Partners, Inc. reported total revenue of $2.4 billion.
The transaction is subject to subject to antitrust regulations, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, dissenters rights limited and financial audit of target. The deal has been unanimously approved by the board. The merger is expected to close early in the second quarter of 2026. The transaction is expected to be highly accretive to 2026 earnings.
Guru Gupta and Roland Morris of Morgan Stanley & Co. LLC acted as financial advisor for QXO, Inc. Jon Huerta and Harry Shaw of Wells Fargo & Company acted as financial advisor for QXO, Inc. Nickolas Bogdanovich and Scott Barshay of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for QXO, Inc. Jonathan Jenson, Dillon Knox and Will Shoemaker of RBC Capital Markets, LLC and KeyBanc Capital Markets Inc. acted as financial advisors for Kodiak Building Partners, Inc. Eric Siegel and Stephanie L. Haas of Dechert LLP acted as legal advisor for Kodiak Building Partners, Inc and Court Square Capital Management, L.P. Equiniti Trust Company, LLC acted as transfer agent to QXO, Inc.
QXO, Inc. (NYSE:QXO) completed the acquisition of Kodiak Building Partners, Inc. from Court Square Capital Management, L.P on April 1, 2026.
QXO, Inc. is a distributor of roofing, waterproofing and complementary building products in the United States. It focuses on being a tech-enabled company in the building products distribution industry. The Company specializes in helping contractors, distributors, and suppliers streamline operations. Its technology supports every step of the supply chain, from product availability and inventory management to order tracking and customer service. As a reseller and developer of proprietary software, it tailors its tools to the specific workflows of roofing professionals and distributors. Its product categories include residential, building supplies and materials, siding, waterproofing, and commercial. Its residential product category includes asphalt shingles, metal roofing, roofing accessories, roofing insulation, slate roofing, tile roofing, and wood roofing. Its building supplies and materials product category includes exterior materials, interior materials, and tools and equipment.
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