QXO Inc announced it will acquire Kodiak Building Partners for approximately $2.25 billion, comprising $2.0 billion in cash and 13.2 million QXO shares with a repurchase option at $40 per share. The transaction is slated to close in early Q2 2026, immediately broadening QXO’s scale and product offerings.

The acquisition will be funded primarily with cash on hand—QXO reported $2.306 billion in cash and equivalents as of September 2025—and shares, while an existing $3.0 billion commitment from Apollo Global Management, Temasek and other investors remains available for qualifying deals through mid-2026. QXO retains flexibility to extend the financing arrangement by 12 months if a definitive agreement is signed before the current commitment expires.

Kodiak Building Partners generated roughly $2.4 billion in revenue in 2025, specializing in lumber, windows and construction supplies for large homebuilders. Integrating Kodiak’s procurement and operational infrastructure is expected to drive margin expansion through enhanced sourcing efficiencies.

The acquisition is anticipated to be meaningfully accretive to Q2 and full-year 2026 earnings due to immediate revenue contribution and cost synergies. With QXO’s addressable market growing to over $200 billion, analysts project improved EPS and revenue forecasts, reinforcing the company’s strong growth trajectory.