QXO Secures $1.2 Billion Investment from Apollo Global Management
QXO, led by Brad Jacobs, has secured a $1.2 billion investment from Apollo Global Management and other investors. This funding aims to support its acquisition strategy following a failed bid for GMS, which was acquired by Home Depot.
Insights:
Quanex Building Products , a leading distributor in the building-products sector, has successfully secured a substantial $1.2 billion investment from Apollo Global Management and other investors. Announced on January 5, 2025, this capital infusion is designed to bolster QXO's acquisition strategy, particularly in light of its recent setbacks.
