One of Wall Street’s first takes on ambitious plans by XPO/RXO/GXO founder Brad Jacobs in the building products field through new company QXO says creating an efficient supply chain is key to the company’s long-term success.
A report by analysts Scott Schneeberger and Daniel Hultberger at Oppenheimer & Co. makes numerous references to the synergies possible in the distribution of building products, a process that they and Jacobs alike note is highly fragmented.
Unlike most reports by equity...
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
A story that is seeming to become all too familiar is carriers being left high and dry following a broker’s bankruptcy filing. Earlier this year there was Surge Transportation that went through Chapter 11, a restructuring bankruptcy, but all outstanding debt before the filing date is subject to court approval for payments.
Now as Convoy truly winds down operations, carriers are left holding the metaphorical bag, not the physical bag as that would indicate they had received...
https://www.freightwaves.com/news/check-call-the-brink-of-broker-carrier-relationships