QXO Buys Kodiak For $2.25B To Expand Building Supply Business

QXO, Inc. has completed its acquisition of Kodiak Building Partners for approximately $2.25 billion, significantly expanding its addressable market to over $200 billion. The acquisition is expected to enhance QXO's product offerings and services, and is projected to be highly accretive to earnings by 2026. QXO aims to reach $50 billion in annual revenue following this strategic move.