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QXO agreed to buy Kodiak Building Partners to expand its construction products business into key U.S. markets. The deal will be funded with $2 billion of cash and 13.2 million shares.

QXO Inc. is raising another $1.8 billion from investors, boosting QXO’s total financing to $3 billion and will support the company’s acquisition strategy, according to a statement Jan. 12.

Brad Jacobs joined XPO in 2011 and built it into one of North America’s largest transportation companies before spinning off GXO in 2021 and RXO in 2022.

“Patrick is a world-class operator with the relevant experience to lead GXO through its next phase of growth,” GXO Board Chairman Brad Jacobs said.

QXO won’t raise its $5 billion offer for building products distributor GMS after 91��Ƶ Depot reportedly made its own bid.

91��Ƶ Depot has made an offer for GMS, potentially setting off a bidding war with QXO, which this week made a $5 billion offer for the building products distributor.

QXO has agreed to acquire Beacon Roofing Supply in a deal that values the distributor of roofing, waterproofing and exterior products at about $11 billion, including debt.

Beacon Roofing Supply is in talks to be bought by QXO for about $11 billion including debt after rejecting an earlier takeover approach.

Beacon Roofing Supply has officially rejected a hostile takeover approach from QXO, setting the stage for a potentially protracted battle for control of the building supplies provider.

M&A specialists are eyeing a robust list of U.S. takeover candidates, with a buoyant economy, strong buyer appetite and a potentially looser regulatory regime seen driving more deals.