QXO Inc has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for $2.25 billion in a deal that combines cash and equity. The purchase price includes $2 billion in cash and 13.2 million shares of QXO stock, with QXO retaining the right to repurchase these shares at $40 each.

Kodiak Building Partners operates as a distributor of building materials and services across North America, serving residential and commercial construction markets. The acquisition represents QXO's latest move to expand its presence in the building products distribution sector following its merger with L&W Supply in 2016.

The transaction highlights continued consolidation in the building materials distribution industry, where larger players seek to achieve economies of scale and expand geographic reach. Court Square Capital Partners had owned Kodiak since 2014, during which time the company expanded through organic growth and acquisitions.