NYSE:QXOTrade Distributors
QXO Kodiak Deal Expands U.S. Reach And Raises Valuation Questions
QXO (NYSE:QXO) agreed to acquire Kodiak Building Partners for $2.25b, expanding its reach in U.S. construction products distribution.
The deal adds new building product categories and regional markets to QXO's platform.
QXO plans to use technology, including AI driven inventory tools, to pursue operational efficiencies across the combined business.
For investors watching QXO at a share price of $25.92, this transaction represents a major step in reshaping the business mix. The stock is up...