Announcement • Jul 02
QXO, Inc. Announces Appointment of Madeline Otero as Interim Chief Accounting Officer, Effective on July 1, 2026 QXO, Inc. announced On July 1, 2026, the Company announced the appointment of Madeline Otero as Interim Chief Accounting Officer, effective as of the close of business on July 1, 2026. Ms. Otero replaces Robert Loughran, who had served as Interim Chief Accounting Officer since March 15, 2026. Mr. Loughran’s departure is not the result of any disagreement with the Company on any matter relating to its accounting principles, financial statement practices, or internal controls. Ms. Otero, 51, joined the Company in July 2026 in connection with the TopBuild Acquisition and has been Chief Accounting Officer at TopBuild Corporation since 2023. Prior to joining TopBuild, Ms. Otero spent 23 years with Tupperware Brands Corporation and its subsidiaries, where she served in numerous accounting and finance leadership roles including Chief Accounting Officer from 2021-2023, Senior Vice President Finance & Accounting from 2020-2021 and Vice President & Controller from 2018-2020. Ms. Otero started her career with Ernst & Young, LLP. Ms. Otero has extensive experience in SEC reporting, technical accounting, internal controls, planning, forecasting, and M&A. Ms. Otero is a Certified Public Accountant and holds a Bachelor’s degree in Accounting from the University of Puerto Rico and an Executive Master of Business Administration from Rollins College. Announcement • Apr 21
QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire TopBuild Corp. (NYSE:BLD) for $14.3 billion. QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire TopBuild Corp. (NYSE:BLD) for $14.3 billion on April 18, 2026. Under the agreement, TopBuild stockholders may elect to receive either $505 in cash or 20.2 shares of QXO common stock per share, subject to proration. Total consideration will be approximately 45% cash and 55% QXO stock, with cash capped at 45%. QXO may increase stock consideration if elections exceed 55% in shares, and its board will expand to include one TopBuild nominee. TopBuild shareholders expected to own approximately 19% of the combined company on a fully diluted basis (assuming 55% stock consideration). The transaction values each TopBuild share at $505, representing a premium of 19.8% to TopBuild’s 60-day volume-weighted average price and 23.1% to TopBuild’s closing price on April 17, 2026. The transaction will be financed through $3 billion senior secured term loan facility, $3 billion of bridge financing and the remaining will be funded from cash on hand. Following the acquisition of TopBuild, QXO will have approximately 28,000 employees, 1,150 locations across all 50 U.S. states and seven Canadian provinces, and a fleet size of more than 10,000 vehicles.
The transaction is subject to customary closing conditions, including approval by the shareholders of QXO, Inc. and TopBuild Corp., listing of new shares on the New York Stock Exchange, the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, the effectiveness of a registration statement of QXO relating to the registration under the Securities Act of 1933 and and other regulatory approvals. The transaction is not subject to any financing contingency. The acquisition is expected to close in the third quarter of 2026. The transaction has been unanimously approved by the boards of directors of QXO, Inc. and TopBuild Corp. The transaction is expected to be immediately and substantially accretive to the company’s earnings.
Morgan Stanley & Co. LLC acted as financial advisor for QXO, Inc. Barclays Capital Inc. acted as financial advisor for QXO, Inc. Wells Fargo Securities, LLC acted as financial advisor for QXO, Inc. Scott A. Barshay, Nickolas Bogdanovich and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for QXO, Inc. Goldman Sachs & Co. LLC acted as financial advisor for TopBuild Corp. RBC Capital Markets, LLC acted as financial advisor for TopBuild Corp. Robert A. Profusek, Benjamin L. Stulberg and Jared P. Hasson of Jones Day acted as legal advisor for TopBuild Corp. Announcement • Apr 01
QXO, Inc. (NYSE:QXO) completed the acquisition of Kodiak Building Partners, Inc. from Court Square Capital Management, L.P. QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion on February 10, 2026. The consideration includes cash payment of $2 billion and issuance of 13,157,895 shares.
For the period ending December 31, 2025, Kodiak Building Partners, Inc. reported total revenue of $2.4 billion.
The transaction is subject to subject to antitrust regulations, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, dissenters rights limited and financial audit of target. The deal has been unanimously approved by the board. The merger is expected to close early in the second quarter of 2026. The transaction is expected to be highly accretive to 2026 earnings.
Guru Gupta and Roland Morris of Morgan Stanley & Co. LLC acted as financial advisor for QXO, Inc. Jon Huerta and Harry Shaw of Wells Fargo & Company acted as financial advisor for QXO, Inc. Nickolas Bogdanovich and Scott Barshay of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for QXO, Inc. Jonathan Jenson, Dillon Knox and Will Shoemaker of RBC Capital Markets, LLC and KeyBanc Capital Markets Inc. acted as financial advisors for Kodiak Building Partners, Inc. Eric Siegel and Stephanie L. Haas of Dechert LLP acted as legal advisor for Kodiak Building Partners, Inc and Court Square Capital Management, L.P. Equiniti Trust Company, LLC acted as transfer agent to QXO, Inc.
QXO, Inc. (NYSE:QXO) completed the acquisition of Kodiak Building Partners, Inc. from Court Square Capital Management, L.P on April 1, 2026. Announcement • Mar 25
QXO, Inc., Annual General Meeting, May 05, 2026 QXO, Inc., Annual General Meeting, May 05, 2026. Announcement • Feb 11
QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion. QXO, Inc. (NYSE:QXO) entered into a definitive agreement to acquire Kodiak Building Partners, Inc. from Court Square Capital Management, L.P for approximately $2.3 billion on February 10, 2026. The consideration includes cash payment of $2 billion and issuance of 13,157,895 shares.
For the period ending December 31, 2025, Kodiak Building Partners, Inc. reported total revenue of $2.4 billion.
The transaction is subject to subject to antitrust regulations, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders, dissenters rights limited and financial audit of target. The deal has been unanimously approved by the board. The merger is expected to close early in the second quarter of 2026. The transaction is expected to be highly accretive to 2026 earnings.
Morgan Stanley & Co. LLC acted as financial advisor for QXO, Inc. Wells Fargo & Company acted as financial advisor for QXO, Inc. Nickolas Bogdanovich and Scott A. Barshay of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for QXO, Inc. RBC Capital Markets, LLC acted as financial advisor for Kodiak Building Partners, Inc. KeyBanc Capital Markets Inc. acted as financial advisor for Kodiak Building Partners, Inc. Eric Siegel and Stephanie L. Haas of Dechert LLP acted as legal advisor for Kodiak Building Partners, Inc and Court Square Capital Management, L.P. Equiniti Trust Company, LLC acted as transfer agent to QXO, Inc. Announcement • Jan 05
QXO, Inc. announced that it expects to receive $1.145 billion in funding from AP Quince Holdings, L.P., Franklin Advisers, Inc. QXO, Inc. entered into an investment agreement for issuance of up to 114,500 Series C Convertible Perpetual Preferred Shares at a price of $10,000 per share for gross proceeds of $1,145,000,000 on January 5, 2026. The transaction included participation from new investors AP Quince Holdings, L.P., a fund managed by affiliates of Apollo Global Management, Inc. for $845,000,000; and Franklin Advisers, Inc. for $300,000,000. The transaction is expected to close on July 15, 2026. The holders of the Series C Preferred Stock will be entitled to dividends on the Series C Preferred Stock at a rate of 4.75% per annum. The Series C Preferred Stock will be, at the option of the holders thereof at any time and from time to time, convertible into Common Stock at an initial conversion price of $23.25 per share of Common Stock, which is subject to customary anti-dilution protections. Each Convertible Preferred Investor has agreed to certain restrictions on sale or transfer of shares of the Series C Preferred Stock until April 5, 2027, without the prior written consent of the Company. The Convertible Preferred Investment will be undertaken in reliance upon an exemption from the registration requirements of Section 4(a)(2) of the Securities Act. Announcement • Nov 12
QXO Launches 2025 QXO for Veterans Program QXO, Inc. announced the launch of its annual QXO for Veterans initiative, continuing the company's mission to support veterans and their families. Now in its seventh year, the QXO for Veterans program is significantly expanding to award 13 winners with a new roof at no cost. This North American program honours veterans, Gold Star Families and organizations that serve veterans by providing essential home improvements that restore security, dignity and peace of mind. Announcement • Jul 21
QXO, Inc. Appoints Michael Dewitt as Chief Procurement Officer, Effective July 21, 2025 QXO, Inc. announced that Michael DeWitt has been appointed chief procurement officer, effective immediately. DeWitt will lead the company’s procurement transformation as QXO scales to become the tech-enabled leader in the $800 billion building products distribution industry. DeWitt joins QXO after eight years as vice president of international spend management at Walmart International, where he was responsible for $10 billion of purchasing and digital transformation across 18 countries. He brings nearly three decades of experience in procurement innovation across multiple industries and continents. At Walmart, DeWitt spearheaded the adoption of next-generation procurement technologies, including autonomous negotiation systems and AI-powered sourcing tools. His initiatives more than doubled annual savings in three years, while fostering a culture of innovation across Walmart’s global footprint. Previously, as chief procurement officer of Highmark Health, he managed $8 billion in spend across five lines of business, establishing industry-leading performance benchmarks in procurement ROI. Earlier, he held senior sourcing leadership roles at Bayer, MEDRAD, Hewlett Packard and other global manufacturers. He began his career in logistics and inventory management in the U.S. Air Force. Announcement • Jul 10
QXO, Inc. Appoints Eric Nelson as Chief Information Officer, Effective July 14, 2025 QXO, Inc. announced that Eric Nelson has been appointed chief information officer, effective July 14. Nelson will execute the company’s IT roadmap as QXO becomes the tech-enabled leader in the $800 billion building products distribution industry. Nelson joins QXO from The Kraft Heinz Company, where he spent a decade in senior technology roles. He brings extensive experience leading front- and back-office operations for complex organizations, and played a pivotal role in the tech transformation of five major acquisitions and spin-offs. In his most recent role at Kraft Heinz, Nelson spearheaded global IT strategy for all corporate functions, including supply chain, research and development, and finance. Prior to that, he was CIO of Kraft Heinz North America and global head of analytics. In these roles, he developed robust data and machine learning operations, scaled digital product development across business units and led enterprise-wide cloud migrations. Previously, Nelson held various technology and operational leadership positions at Kraft and its spin-off, Kraft Foods Group, with responsibility for supply and demand planning, transportation, manufacturing, distribution and procurement. Earlier in his career, he led continuous improvement efforts at Cadbury plc. Nelson holds a bachelor’s degree in information systems technology from Southern Illinois University and a Lean Six Sigma Black Belt certification from Villanova University. Announcement • Jun 20
Home Depot Reportedly Submits Competing Takeover Bid for GMS The Home Depot, Inc. (NYSE:HD) (HD) has made an offer for GMS Inc. (NYSE:GMS) (GMS), kicking off a potential bidding war with QXO, Inc. (NYSE:QXO) (QXO), Lauren Thomas of Wall Street Journal reported, citing people familiar with the matter. The price Home Depot has privately discussed paying for GMS couldn't be determined, the Journal adds. QXO on June 18, 2025 announced that it submitted an unsolicited proposal to buy GMS for about $5 billion, of $95.20 per share in cash. Shares of GMS are up 20%, or $15.98, to $96.99 in premarket trading. Announcement • Jun 19
QXO, Inc. (NYSE:QXO) proposed to acquire GMS Inc. (NYSE:GMS) for $3.64 billion. QXO, Inc. (NYSE:QXO) proposed to acquire GMS Inc. (NYSE:GMS) for $3.64 billion on June 18, 2025. A cash consideration of $3.62 billion valued at $95.2 per share will be paid by QXO, Inc. The transaction expected to close in August 2025. Goldman Sachs & Co. LLC acted as financial advisor for QXO, Inc. Morgan Stanley & Co. LLC acted as financial advisor for QXO, Inc. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for QXO. Jefferies LLC acted as financial advisor to GMS Inc and Alston & Bird LLP acted as legal advisor to GMS Inc. Announcement • May 22
QXO, Inc. has completed a Follow-on Equity Offering in the amount of $800.000009 million. QXO, Inc. has completed a Follow-on Equity Offering in the amount of $800.000009 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 48,484,849
Price\Range: $16.5
Discount Per Security: $0.47025