QXO (QXO) announced it has entered into a definitive agreement to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25B. The transaction is expected to be highly accretive to 2026 earnings and will expand QXO’s current addressable market to more than $200B. The purchase price comprises $2B of cash and 13.2M shares, with QXO retaining the right to repurchase these shares at $40 per share. The transaction is expected to close early in the second quarter of 2026, subject to the satisfaction of customary closing conditions.
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