QXO Inc. has introduced a large public stock offering as it continues to line up capital to support an acquisition-driven expansion strategy in the building products distribution market.
The company said the offering of 31.6 million shares is expected to close Jan. 20, subject to customary conditions. QXO plans to use the net proceeds for general corporate purposes, including potential acquisitions. BofA Securities is serving as the sole underwriter.
The offering follows an announcement earlier this week that QXO secured $3 billion in new funding from Apollo Global Management, significantly strengthening its capacity to pursue large-scale deals and accelerate consolidation in a highly fragmented industry.
Together, the financings underscore QXO’s aggressive push to scale its national footprint in roofing, waterproofing and related building products. The company has repeatedly pointed to acquisitions, alongside investments in technology and operations, as central to its long-term strategy.
QXO describes itself as the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America. The company has said it is working to build a tech-enabled distribution platform focused on improving logistics efficiency, product availability and operational visibility for contractors and suppliers.
Alongside the offering announcement, QXO released summarized preliminary operating results for the fourth quarter, indicating continued momentum heading into 2026. The company reported preliminary net sales of about $2.19 billion for the quarter ending Dec. 31, and adjusted EBITDA of $150 million. The results are unaudited and subject to change as quarter-end financial and accounting procedures are completed.
The company has not disclosed specific acquisition targets but has consistently highlighted deal activity as a key driver of future growth, along with organic expansion and investments in digital and operational capabilities. Industry analysts and competitors have been closely watching QXO as one of the most active consolidators in building products distribution, a sector that remains regional despite its scale.
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