Kodiak Acquired by QXO for $2B in Cash

QXO, the Brad Jacobs-led building-products roll-up platform, has agreed to acquire Kodiak for $2 billion in cash plus 13.2 million QXO shares. The transaction was announced as QXO’s second acquisition since the company’s formation.

Kodiak is described as a national distributor of essential building products, including lumber, trusses, windows and doors, construction supplies, waterproofing, and roofing. It operates 110 locations across 26 states with about 5,500 employees serving more than 10,000 customers.