Brad Jacobs, a high-profile corporate executive best known for building large-scale logistics and industrial companies, is stepping away from leadership roles at two public firms to concentrate on his latest acquisition-driven venture.
Jacobs, chairman and CEO of Greenwich-based QXO, said he will relinquish his chairman positions at XPO and GXO Logistics at the end of the year. He will continue to advise XPO through June 30.
The move allows Jacobs to focus his attention on QXO — a building-products distributor he launched — as well as Jacobs Private Equity, his investment firm.
“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity,” Jacobs said. “We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth.”
Jacobs has a long track record of forming and scaling public companies through consolidation strategies, most notably in the logistics sector. XPO and GXO are both publicly traded transportation and logistics companies that emerged from businesses he previously led.
Earlier this year, QXO completed its $11 billion acquisition of Beacon Roofing Supply. The company later pursued a $5 billion takeover of Georgia-based drywall installer GMS, an offer the target company declined.
