List all QXO acquisitions, how they funded it? how much EBITDA they paid? what the acquired companies do? when was the acquisition done and if there are already synergies from acquisition?

QXO has announced three major acquisitions since its launch, which are part of its strategy to consolidate the fragmented building products industry.

📊 QXO's Major Acquisitions at a Glance

The table below provides a detailed breakdown of each transaction, including how they were funded and the specific businesses involved.

Acquisition	Announcement / Completion Date	Deal Value	Funding & Financing	Business Description	EBITDA Multiple
Beacon Roofing Supply	Completed April 29, 2025	$11 billion	Fully financed through a combination of debt (including a $2.25 billion senior secured notes offering- and a $4.9 billion debt financing) and equity (including $4.8 billion in stock and preferred share issuances)-67	Leading distributor of roofing, waterproofing, and exterior building products with nearly 600 branches across North America--	10.8x 2025 consensus EBITDA / 10.1x 2026 consensus EBITDA-
Kodiak Building Partners	Completed April 1, 2026	$2.25 billion	$2.0 billion in cash and 13.2 million QXO shares. QXO retains the right to repurchase those shares at $40 each, which can help limit shareholder dilution-7-	A major distributor of lumber, trusses, windows, and doors, offering related fabrication and assembly services-7-2	10.7x projected 2025 EBITDA ( ~7.3x including synergies)-
TopBuild Corp.	Announced April 19, 2026 ; Expected to close Q3 2026	$17 billion	Funded by a mix of cash and QXO stock (approx. 45% cash, 55% stock)- and a $6 billion debt financing commitment (split between a term loan and a bridge facility)-	The largest North American distributor and installer of insulation and related building products for residential and commercial projects-2-6-4	14.9x 2025 adjusted EBITDA ( ~11.8x including expected synergies)--8

💡 Synergies and Integration Progress

Beacon Acquisition (Synergies in Progress): Integration is underway, and QXO has identified value that exceeds initial expectations-67. The focus is on driving operational efficiency by applying QXO's technology to areas like procurement, pricing, and logistics, with management expressing confidence they can more than double Beacon's legacy EBITDA-67 -75. However, early financials have been impacted by significant acquisition and integration costs, which contributed to reported quarterly losses-62.
Kodiak Acquisition (Synergies in Progress): Integration began upon completion in April 2026. The core synergy strategy is leveraging the overlap in vendor relationships (16 of Kodiak’s top 20 vendors are shared with Beacon) and applying AI-powered inventory management and network optimization to accelerate margin expansion-7-.
TopBuild Acquisition (Expected Synergies): This deal is intended to be transformative, and QXO has projected approximately $300 million in annual cost and revenue synergies by 2030. These synergies are expected to come from cross-selling insulation alongside roofing and lumber, leveraging TopBuild's higher margins, and creating a cohesive, technology-driven national network-1 -8.

The company's near-term focus remains on the successful integration of these large-scale operations, which is expected to be a major driver of its goal to reach $50 billion in annual revenue.

If you have any other questions, please feel free to ask.

Source: Brad Jacobs Net Worth and QXO Investment

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