QXO to Acquire Kodiak Building Partners for $2.25B

QXO Inc. has completed its acquisition of Kodiak Building Partners in a merger that makes Kodiak an indirect, wholly owned subsidiary. The deal was valued at approximately $2.25 billion and was structured with $2.0 billion in cash plus roughly 13.2 million QXO shares.

QXO can later repurchase the shares at $40 per share. The transaction was targeted to close in early Q2 2026, subject to antitrust clearance, audited 2025 financials from Kodiak, and other customary conditions. Kodiak added roughly $2.4 billion in 2025 revenue and positions in fast-growing markets including Florida and Texas.