UPDATE 1-QXO to buy Kodiak from Court Square in $2.25 billion deal

QXO, Inc.

QXO, Inc.

QXO

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Adds details in paragraphs 2-4

- Construction supplies distributor QXO QXO.N said on Wednesday it has agreed to buy Kodiak Building Partners from private equity firm Court Square Capital Partners in a stock-and-cash deal valued at about $2.25 billion.

The deal includes $2 billion in cash and 13.2 million QXO shares, which the company has the option to repurchase at $40 per share, it said.

Kodiak is a U.S. distributor of building materials, including lumber, trusses, windows and doors, roofing and waterproofing products, as well as other exterior construction supplies. It also provides value-added services such as assembly, fabrication and installation. The company generated about $2.4 billion in revenue in 2025.

QXO said it expects the transaction to close early in the second quarter of 2026.