Brad Jacobs’ next venture is ready to start acquiring companies, backed by a war chest of $5 billion.
With two recent private placements completed or soon to be done, QXO now has that amount in hand and no debt to pursue acquisitions in a building products industry that was described late last year as “highly fragmented” and includes some 7,000 distributors in North America and an additional 13,000 in Europe.
Jacobs is chairman and CEO of QXO (NASDAQ: QXO). He also was the founder of the XPO...
https://www.freightwaves.com/news/with-2-private-placements-jacobs-qxo-has-5-billion-to-spend