QXO Set to Buy Kodiak Building Partners for $2.25 Billion

QXO Inc. agreed to buy Kodiak Building Partners for about $2.25 billion to expand its construction products business into key markets in the US.

The Connecticut-based QXO is buying Kodiak from Court Square Capital Partners in a deal that will be funded with $2 billion of cash and 13.2 million shares. QXO will retain the right to buy back the shares at $40 each.