Bradley Jacobs News Updates

Brad Jacobs is looking to build the largest building products distribution business in North America. Since relaunching QXO in 2024, the company has spent about $30 billion buying companies.

QXO saw terms improve on a $6 billion financing package to fund its purchase of rival TopBuild, which attracted more than three times the amount of demand from investors.

QXO agreed to buy insulation company TopBuild for about $17 billion, making QXO the second-largest publicly traded building products distributor in North America.

The TopBuild acquisition makes QXO the second-largest publicly traded building products distributor in North America.

QXO agreed to buy Kodiak Building Partners to expand its construction products business into key U.S. markets. The deal will be funded with $2 billion of cash and 13.2 million shares.

QXO Inc. is raising another $1.8 billion from investors, boosting QXO’s total financing to $3 billion and will support the company’s acquisition strategy, according to a statement Jan. 12.

Brad Jacobs joined XPO in 2011 and built it into one of North America’s largest transportation companies before spinning off GXO in 2021 and RXO in 2022.

“Patrick is a world-class operator with the relevant experience to lead GXO through its next phase of growth,” GXO Board Chairman Brad Jacobs said.

QXO won’t raise its $5 billion offer for building products distributor GMS after Home Depot reportedly made its own bid.

Home Depot has made an offer for GMS, potentially setting off a bidding war with QXO, which this week made a $5 billion offer for the building products distributor.