QXO shares surge on $2.25 billion Kodiak acquisition deal

QXO

11/02/2026 11:44

** Shares of construction supplies distributor QXO QXO.N rise 12% to $26 premarket

** Co 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

** Expects deal to close early in the second quarter of 2026

** As of last close, shares up 20.3% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))