Home / Business and Economy / QXO Secures $1.2B Investment for Acquisition Growth
QXO Secures $1.2B Investment for Acquisition Growth
5 Jan
Summary
- QXO received a $1.2 billion investment from Apollo Global Management.
- The funding will support QXO's strategic acquisition plans.
- This follows QXO's unsuccessful $5 billion bid for peer GMS last year.
On Monday, January 5, 2026, QXO revealed a significant financial development, announcing that Apollo Global Management and other investors have committed $1.2 billion. This substantial capital injection is earmarked to fuel QXO's strategic acquisition initiatives, signaling a proactive approach to market expansion.
The building-products distributor's shares saw a notable increase, trading up more than 8% in premarket activity following the announcement. This investor confidence underscores the market's positive reception to QXO's growth-oriented strategy.
This latest funding round emerges after a period of strategic maneuvering, including QXO's earlier hostile bid of $5 billion for peer GMS. That acquisition attempt, however, was ultimately unsuccessful, with GMS later being acquired by Home Depot.
