Why Apollo is backing a $1.2B war chest for QXO’s future deals

What QXO’s $1.2 billion investment means for the fragmented building materials industry

QXO, a leading distributor of roofing products and building materials, is nearing another acquisition as part of a game plan to disrupt and consolidate the fragmented $800 billion building products industry and reach $50 billion in annual revenue in five or so years.  By reshaping an unconsolidated marketplace and capturing a much larger share of distribution, QXO could gain market share from competitors, creating strategic leverage in negotiati…

QXO Stock: Apollo Global Commits $1.2 Billion Investment for Building Products Company

TLDR QXO secures $1.2 billion investment from Apollo Global Management and partners including Franklin Templeton Convertible preferred stock priced at $23.25 per share, an 18% premium over Friday’s close Investment includes 4.75% annual dividend with mandatory acquisition deadline of July 15, 2026 Stock climbed over 18% on Monday following the announcement Deal supports Brad Jacobs’ plan to build a $50 billion revenue company through acquisitio…

Apollo to invest more than $1bn in QXO

Apollo Global Management is set to invest more than $1bn in Brad Jacobs’ building products distributor QXO as part of a financing round to support the company’s acquisition-led growth strategy, according to a report by Bloomberg citing people familiar with the matter. The investment will be made through convertible preferred stock, with an initial conversion price of $23.25 per share, representing an 18% premium to QXO’s previous closing price. …

Apollo’s Capital Solutions Machine Accelerates — Big Checks, Hybrid Structures, and the Credit-to-Equity Continuum

(HedgeCo.Net) Apollo is entering 2026 leaning hard into what it arguably does best: building a bridge between public markets, private credit, and structured equity—then writing large, flexible checks when others can’t. The firm’s latest activity underscores a broader trend at the largest alternative managers: returns are increasingly being manufactured through structure as much as directional risk. A headline transaction: $1.2B convertible prefe…

Jacobs’ QXO gets big investment from group led by Apollo

Brad Jacobs’ latest venture, QXO with it plans to roll up a diffuse network of building product suppliers through acquisitions, has just armed itself with