QXO, Inc. entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion.
Published on 02/11/2026
at 08:47 am EST - Modified on 02/10/2026
QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion on February 10, 2026. The consideration includes cash payment of $2 billion and issuance of 13,157,895 shares.
For the period ending December 31, 2025, Kodiak Building Partners, Inc. reported total revenue of $2.4 billion.
The transaction is subject to subject to antitrust regulations, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, dissenters rights limited and financial audit of target. The deal has been unanimously approved by the board. The merger is expected to close early in the second quarter of 2026. The transaction is expected to be highly accretive to 2026 earnings.
Guru Gupta and Roland Morris of Morgan Stanley & Co. LLC acted as financial advisor for QXO, Inc. Jon Huerta and Harry Shaw of Wells Fargo & Company acted as financial advisor for QXO, Inc. Nickolas Bogdanovich and Scott Barshay of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for QXO, Inc. Jonathan Jenson, Dillon Knox and Will Shoemaker of RBC Capital Markets, LLC and KeyBanc Capital Markets Inc. acted as financial advisors for Kodiak Building Partners, Inc. Eric Siegel and Stephanie L. Haas of Dechert LLP acted as legal advisor for Kodiak Building Partners, Inc and Court Square Capital Management, L.P. Equiniti Trust Company, LLC acted as transfer agent to QXO, Inc.
QXO, Inc. provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. It offers consulting and professional services, such as specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, it offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. Additionally, it develops and publishes its own proprietary software. Its technologies provide secure cloud hosting, infrastructure-as-a-service (IaaS), managed cloud and information technology services, business technology consulting, custom software development, human capital management, and e-commerce consulting. Its managed network services provide its customers with infrastructure management and robust technology stack support for their entire application ecosystem.
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QXO, Inc. entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion.
