Articles Tagged with ''QXO''

QXO has increased its recently announced equity financing to $3 billion, adding $1.8 billion led by Apollo and Temasek.

Fresh off a $1.2 billion Apollo-led investment, QXO is already in talks on another significant acquisition—and pursuing seven additional targets across multiple deal sizes.

QXO has lined up a $1.2 billion Apollo-led investment commitment to fuel its acquisition spree through mid-2026.

Part of the Amrize family of brands, Elevate said Holly will lead continued growth and innovation across its commercial portfolio, bringing expertise in manufacturing, distribution, and operational excellence.

Brad Jacobs, chairman and CEO of QXO, Inc., said he will step down as chairman of the boards at XPO, Inc.,and GXO Logistics, Inc. effective Dec. 31, 2025, as he shifts more of his focus to growing QXO and Jacobs Private Equity.

Home Depot has joined the race to acquire GMS, challenging QXO’s $5B bid and setting the stage for a potential bidding war among major building product players.

QXO makes an unsolicited bid to buy specialty products distributor GMS for $5 billion, aiming to speed up deliveries, boost inventory and unify tech—potentially reshaping how contractors get drywall and building supplies.

LuminX has raised $5.5 million to scale AI-powered vision language models that automate warehouse tasks, aiming to reduce errors, boost efficiency and offer real-time insights to logistics and supply chains.