QXO agreed to buy closely held building materials distributor Kodiak Building Partners for about $2.25 billion in cash and stock. - brendan mcdermid/ReutersQXO agreed to buy closely held building materials distributor Kodiak Building Partners for about $2.25 billion in cash and stock, continuing its rapid acquisitive expansion. In January, QXO struck a deal to receive a $1.2 billion investment led by Apollo Global Management to help it fund acquisitions. Also in January, QXO raised $1.8 billion in acquisition financing from a separate deal led by Singapore sovereign wealth fund Temasek and Apollo. Kodiak generated about $2.4 billion in sales in 2025, with about 40% of that derived from the growth markets of Texas and Florida, QXO said.

Source: Wall Street Journal February 11, 2026 13:22 UTC