Greenwich-based QXO Inc., a distributor of building products, said Wednesday it has completed its $2.25 billion acquisition of Kodiak Building Partners.
Greenwich-based QXO Inc., a distributor of building products, said Wednesday it has completed its $2.25 billion acquisition of Kodiak Building Partners, a move the company says will significantly expand its reach in the construction materials market.
Colorado-based Kodiak supplies building materials, including lumber and other products used by homebuilders and contractors.
QXO Chairman and Chief Executive Brad Jacobs said the acquisition will expand the company’s product and service offerings and is expected to boost earnings in 2026.
A company spokesperson said the deal also increases QXO’s total addressable market to more than $200 billion.
Kodiak co-founder Steve Swinney, who will lead QXO’s new lumber and building materials division, called the transaction a milestone for Kodiak as it joins a larger distribution platform.
QXO now employs more than 13,500 people across the United States and Canada. The company said it expects the acquisition to create new sales opportunities with homebuilders and contractors, while improving demand forecasting and inventory management.
The company also said it sees the housing market near a cyclical low, suggesting the timing of the purchase could position it for growth as conditions improve.
Kodiak was previously owned by private equity firm Court Square Capital Partners.
QXO is pursuing an aggressive growth strategy with a long-term goal of reaching $50 billion in annual revenue. The company acquired Beacon Roofing Supply for $11 billion in April 2025. It also recently
boosted its financing war chest via a deal with funds managed by affiliates of Apollo Global Management.
