Kodiak’s Sun Belt Stronghold
Kodiak Building Partners generated about $2.4 billion in revenue in 2025 as a distributor of lumber, trusses, windows and doors, construction supplies and other building materials across the United States.
The company has carved out a strong presence in the Sun Belt and Mountain states, with roughly 40% of its 2025 revenue flowing from Florida and Texas — two of the nation’s fastest-growing construction markets.
That regional strength offers QXO immediate scale in high-growth areas where population shifts and housing demand continue to reshape the economic map.
Tech-Driven Growth and Active Deal Pipeline
Brad Jacobs, QXO’s chair and CEO, described the acquisition as a complementary fit that is expected to “accelerate margin expansion through scaled procurement, network optimization, AI-powered inventory management, and other tech-enabled operating efficiencies.”
In other words, QXO plans to layer technology and scale atop Kodiak’s existing footprint — squeezing efficiencies from procurement to logistics while sharpening competitive edges.
Jacobs also noted that QXO’s acquisition pipeline remains “very active,” pointing to recent equity financings led by Apollo and Temasek as fuel for further expansion.
For Kodiak, the tie-up represents an opportunity to plug into a larger growth engine.
Steve Swinney, co-founder and CEO of Kodiak Building Partners, said the transaction will “unlock new opportunities for our customers and employees,” signaling optimism about the combined company’s trajectory.
The deal is expected to close early in the second quarter of 2026, subject to customary closing conditions.
The Paul Weiss team advising QXO includes partners Nickolas Bogdanovich, David Huntington and Scott Barshay. Details regarding Dechert’s deal team were not immediately available.
With the agreement, QXO to acquire Kodiak becomes more than a headline — it signals a calculated wager that scale, technology and consolidation will define the next era of building products distribution.
