Valued at $1.5 billion, the deal is set to result in a PVF and industrial supplies distributor with a combined revenue of around $5.4 billion and more than 350 locations worldwide.
Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.
While monthly orders expectedly retracted, the decline was less than half of a typical April, while year-over-year and year-to-date figures outpace 2024.
Chris Baby is transitioning to an M&A and advisory role after 15 years leading the PPE manufacturer.
The fasteners distributor promoted from within for its new chief executive, who steps in immediately.
Fusion Capital Partners acquired the instrumentation and industrial equipment distributor, with LKCM Headwater Investments retaining a minority stake through reinvestment.
The investment is set to create the first new primary aluminum production plant to be built in the U.S. in 45 years.
The company reported higher sequential sales in 1Q25 despite a year-over-year decline, with gains across all sectors.
Acquisitions boosted top-line sales, while organic continued to slide.
The U.S. industrial health gauge retreated further into contraction, hampered by lower production and export orders.
The MRO distributor’s High-Touch Solutions segment logged a modest year-over-year sales decline, while Endless Assortment saw double digit growth.
The landmark acquisition cements QXO’s presence as a major building materials distributor, and it’s just getting started.
