QXO, the start-up led by Brad Jacobs with nearly $5B in cash reserves, reportedly offered to acquire Beacon Roofing Supply, sending Beacon’s stock to a 52-week high.

QXO appoints Ashwin Rao as Chief AI Officer to lead AI integration in demand forecasting, inventory, and e-commerce, aiming to make QXO a tech leader in building products distribution.

QXO, Inc., a rising leader in construction materials distribution, announced an additional $620 million in private placement financing, bringing the company's war chest to a staggering $5 billion.

QXO, Inc., a new building products distributor, announced a $3.5 billion private placement, selling 340.9 million shares at $9.14 each and is expecting to close in Q3 2024 with 821.6 million shares outstanding; QXO is listed on the NASDAQ.

Brad Jacobs, a billionaire who first made his fortune in the waste management industry, announced the launch of QXO, a tech-forward building products distribution start-up and hired Ihsan Essaid as its CFO.