US-based building products distributor QXO has agreed to acquire Colorado firm Kodiak Building Partners for $2.25 billion (€1.89 billion), according to Hartford Business Journal. The Connecticut-headquartered company continues its aggressive expansion strategy in construction materials distribution.

QXO, based in Greenwich, entered into an agreement to purchase Kodiak from Court Square Capital Partners, a New York private equity firm. The transaction includes $2 billion (€1.68 billion) in cash and 13.2 million shares of QXO stock, with QXO retaining rights to repurchase shares at $40 (€33.60) per share.

Kodiak generated approximately $2.4 billion (€2.02 billion) in revenue last year, with roughly 40 per cent derived from Florida and Texas. The company distributes lumber, trusses, windows, doors, construction supplies, waterproofing, roofing, and complementary exterior products whilst providing assembly, fabrication, and installation services.

Chief executive Brad Jacobs said the deal is designed to improve margins by leveraging QXO's scale, optimising distribution networks, and using artificial intelligence tools to better manage inventory. Jacobs also indicated QXO may pursue additional acquisitions, noting: "Our acquisition pipeline remains very active, with plenty of dry powder from our recently announced equity financings led by Apollo and Temasek."

The company secured an additional $3 billion (€2.52 billion) in financing from Apollo Global Management, Temasek Holdings, and other investors in January to support its acquisition strategy.

QXO has pursued rapid growth through strategic acquisitions. The company acquired Beacon Roofing Supply for $11 billion (€9.24 billion) in April 2025 and bid roughly $5 billion (€4.20 billion) for GMS Inc., a drywall and interior construction products distributor, before losing to Home Depot.

The Kodiak acquisition strengthens QXO's position in exterior building products distribution across North American markets.

Find the complete transaction details through the original report.