NAHICA y QXO trabajarán juntos para crear nuevos caminos hacia el crecimiento, prestigio y éxito de los contratistas hispanos.

QXO, Inc. (NYSE: QXO) anunció el día de hoy que se ha unido a la Asociación Nacional de Contratistas Hispanos (NAHICA, por sus siglas en inglés para National Hispanic Contractors Association) como patrocinador nacional, para reforzar el compromiso conjunto de empoderar a contratistas latinos de todos los Estados Unidos.

Esta colaboración define un paso muy importante en la misión de QXO de impulsar a los profesionales hispanos en las industrias de la construcción. Con el apoyo de QXO, NAHICA ampliará sus esfuerzos de ofrecer capacitación, recursos y oportunidades de negocios creadas específicamente para las necesidades de los contratistas latinos, uno de los segmentos con más rápido crecimiento en la fuerza de trabajo de la construcción en los Estados Unidos.

“Contar con QXO como patrocinador nacional logrará un impacto considerable, ya que creará la posibilidad de que nuestra comunidad de contratistas latinos tenga la facilidad de obtener acceso a capacitación, crecimiento y éxito,” dijo Sergio Terreros, presidente de NAHICA. “Su compromiso está alineado con nuestra misión, que es ofrecer oportunidades y fortalecer las redes entre profesionales hispanos de la industria de la construcción.”

“Este patrocinio demuestra el compromiso que tiene QXO con la comunidad de contratistas latinos por la importante labor que llevan a cabo,” mencionó Bernal Fernández, gerente de mercadotecnia hispana de QXO. “Los contratistas hispanos representan una fuerza vital que sigue creciendo en las industrias del techado y la construcción, y junto con NAHICA, podemos garantizar que ellos tengan acceso a las herramientas, redes y recursos que necesitan para construir un futuro más sólido.”

NAHICA y QXO trabajarán juntos para crear nuevos caminos hacia el crecimiento, prestigio y éxito de los contratistas hispanos, al ayudarles a prosperar en un ambiente cada vez más competitivo, mientras continúan contribuyendo al desarrollo continuo de las comunidades de todo el país.

QXO tiene un extenso historial de apoyo a los contratistas hispanos, y reconoce el papel tan importante que desempeñan en la industria de la construcción.

Acerca de QXO

QXO, Inc. (NYSE:QXO) es el mayor distribuidor de productos para techado, impermeabilidad y productos relacionados y el segundo distribuidor más grande de madera y materiales de construcción que cotiza en la bolsa de valores en Norteamérica. “QXO es la empresa de más rápido crecimiento en la industria de distribución de productos de construcción, valorada en 800 mil millones de dólares, y planea convertirse en el líder impulsado por la tecnología al ofrecer una satisfacción al cliente de primer nivel y rendimientos superiores para sus accionistas. La empresa tiene como objetivo alcanzar 50 mil millones de dólares en ingresos anuales dentro de la próxima década mediante adquisiciones estratégicas y crecimiento orgánico.”

Acerca de NAHICA

La Asociación Nacional de Contratistas Hispanos (NAHICA, por sus siglas en inglés para National Hispanic Contractors Association) está dedicada a empoderar a los contratistas hispanos por medio de la defensas de sus intereses, capacitación y el desarrollo de sus negocios. La organización trabaja para crear oportunidades, fortalecer redes y apoyar el crecimiento de los profesionales latinos de la industria de la construcción.

Together, NAHICA and QXO will work to create new pathways for growth, visibility and success for Hispanic contractors

QXO, Inc. (NYSE: QXO) today announced it has joined the National Hispanic Contractors Association (NAHICA) as a national sponsor, reinforcing a shared commitment to empowering Latino contractors across the United States.

The partnership marks a significant step in QXO’s mission to elevate Hispanic professionals in the building products industry. With QXO’s support, NAHICA will expand its efforts to provide education, resources and business opportunities tailored to the needs of Latino contractors, one of the fastest-growing segments in the U.S. construction workforce.

“Having QXO as a national sponsor will make a significant impact on our community’s ability to create access, growth and long-term success for Latino contractors,” said Sergio Terreros, president of NAHICA. “Their commitment aligns with our mission to provide opportunities and strengthen networks for Hispanic professionals in the construction industry.”

“This sponsorship reflects QXO’s commitment to the Latino contractor community and the important work they do,” said Bernal Fernandez, Hispanic marketing manager at QXO. “Hispanic contractors are a critical and growing force in the roofing and construction industries, and together with NAHICA, we can ensure they have access to the tools, network and resources needed to help build a stronger future.”

Together, NAHICA and QXO will work to create new pathways for growth, visibility and success for Hispanic contractors, helping them thrive in an increasingly competitive landscape while contributing to the continued development of communities nationwide.

QXO has a strong history of supporting Hispanic contractors, recognizing the important role they play in the construction industry.

About QXO

QXO, Inc. (NYSE: QXO) is the largest publicly traded distributor of roofing, waterproofing and related products and the second largest publicly traded distributor of lumber and building materials in North America. QXO is the fastest growing company in the $800 billion building products distribution industry and plans to become the tech-enabled leader by delivering best-in-class customer satisfaction and outsized returns for its shareholders. The company is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth.

About NAHICA

The National Hispanic Contractors Association (NAHICA) is dedicated to empowering Hispanic contractors through advocacy, education and business development. The organization works to create opportunities, strengthen networks and support the growth of Latino professionals in the construction industry.

QXO to become the second largest publicly traded building products distributor in North America, with more than $18 billion of combined company revenue and more than $2 billion of combined company adjusted EBITDA.

QXO, Inc. (NYSE: QXO) today announced that it has entered into a definitive agreement to acquire TopBuild Corp. (NYSE: BLD) (“TopBuild”) for approximately $17 billion, significantly expanding QXO’s scale and capabilities across the building products value chain. The transaction is expected to be immediately and substantially accretive to the company’s earnings.

TopBuild is the largest distributor and installer of insulation and related building products in North America. The combination will bring together QXO’s leading positions in roofing, waterproofing, lumber-related building materials and associated products with TopBuild’s insulation capabilities, creating a higher-margin business with expansive value-added offerings for customers.

The transaction has been unanimously approved by the boards of directors of both companies and is subject to customary closing conditions, including approval by the shareholders of TopBuild and QXO. The acquisition is expected to close in the third quarter of 2026.

On April 1, 2026, QXO completed its previously announced acquisition of Kodiak Building Partners (“Kodiak”), a leading distributor of lumber, trusses and other building materials, for approximately $2.25 billion. Upon completion of the TopBuild transaction, QXO will operate in an addressable market of more than $300 billion and hold leadership positions in key building product verticals in North America:

• #1 in insulation
• #2 in roofing
• #1 in waterproofing
• #1 or #2 in the lumber and building materials sector, in key geographies served

Brad Jacobs, chairman and chief executive officer of QXO, said: “Over the past 11 months, we’ve built QXO into a market leader through more than $13 billion of acquisitions, closing on Beacon in 2025 and Kodiak earlier this month. TopBuild will be our most significant acquisition yet, making QXO the second largest publicly traded building products distributor in North America, with more than $18 billion of combined company revenue and more than $2 billion of combined company adjusted EBITDA.”

Jacobs continued, “The TopBuild transaction will also give us critical mass in the insulation sector and expand our exposure to large, complex projects like data centers, where scale matters. TopBuild has a deep bench of best-in-class operators, reflected in its industry-leading adjusted EBITDA margin of approximately 18%. We plan to replicate their best practices across QXO, including deploying their ‘special OPS’ teams to continuously improve operational excellence and customer service.”

Robert Buck, chief executive officer of TopBuild, said: “We’re excited to join QXO and combine our leadership in insulation installation and specialty distribution with QXO’s scale, technology and procurement capabilities. Together, we’ll enhance customer service, unlock meaningful cross-selling opportunities and drive continued growth and operating efficiency. I’m proud of our team’s track record, including a 10-year sales CAGR of 13% and adjusted EPS CAGR of 31%. Thank you to the entire TopBuild team for delivering these exceptional results.”

Following the acquisition of TopBuild, QXO will have approximately 28,000 employees, 1,150 locations across all 50 U.S. states and seven Canadian provinces, and a fleet size of more than 10,000 vehicles.

Proposed transaction

The transaction values each TopBuild share at $505, representing a premium of 19.8% to TopBuild’s 60-day volume-weighted average price and 23.1% to TopBuild’s closing price on Friday, April 17, 2026. Under the terms of the agreement, TopBuild stockholders will have the right to elect to receive $505 in cash or 20.2 shares of QXO common stock for each TopBuild share held, subject to proration, on the condition that the total transaction consideration is paid as approximately 45% in cash and 55% in shares of QXO common stock. The maximum cash proceeds will be capped in aggregate at 45% of the transaction consideration. QXO may increase the maximum amount of stock consideration in the transaction if TopBuild stockholders elect to receive more than 55% of the consideration in shares of QXO common stock. Under the terms of the agreement, QXO will expand its board of directors to include one nominee from TopBuild.

In 2025, TopBuild generated approximately $6.2 billion of net sales and approximately $1.14 billion of adjusted EBITDA, in each case adjusted to reflect the full year contribution of acquisitions completed throughout the year. QXO expects to realize approximately $300 million of synergies from the integration of TopBuild by 2030, including revenue synergies from cross-selling an expanded range of integrated solutions, as well as cost synergies from scaled procurement, network optimization, logistics efficiencies, inventory management improvements and world-class technology.

The purchase price of approximately $17 billion represents 14.9 times TopBuild’s 2025 adjusted EBITDA before the impact of expected synergies, and 11.8 times TopBuild’s 2025 adjusted EBITDA after the impact of expected synergies—in both cases adjusted EBITDA reflects the full-year contribution of acquisitions completed throughout 2025.

TopBuild’s management has guided to $9 billion to $10 billion in annual revenue and $1.7 billion to $2.0 billion in annual adjusted EBITDA by 2030, driven by a combination of organic growth and accretive M&A across a $90+ billion addressable market. Additionally, TopBuild management has guided to cumulative free cash flow of $4.2 billion to $5.0 billion from 2026 to 2030. TopBuild’s free cash flow conversion (free cash flow divided by adjusted EBITDA) has consistently been in the 60% to 70% range.

Advisors

Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Barclays and Wells Fargo Securities are acting as additional financial advisors to QXO. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel to QXO. Goldman Sachs & Co. LLC and RBC Capital Markets are serving as financial advisors to TopBuild and Jones Day is acting as legal counsel to TopBuild.

View the investor presentation: https://www.netroadshow.com/nrs/home/?show=e496ea07

About QXO

QXO, Inc. (NYSE: QXO) is the largest publicly traded distributor of roofing, waterproofing and related products and the second largest publicly traded distributor of lumber and building materials in North America. QXO is the fastest growing company in the $800 billion building products distribution industry and plans to become the tech-enabled leader by delivering best-in-class customer satisfaction and outsized returns for its shareholders. The company is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth.

About TopBuild

TopBuild Corp., headquartered in Daytona Beach, Florida, is the largest distributor and installer of insulation and related building products in North America. The company provides installation and distribution services across residential, commercial and industrial end markets, including insulation used in walls, attics, floors and roofing assemblies; complementary products such as gutters, fireproofing and mechanical insulation; and specialized roofing systems for large-scale buildings such as airports, stadiums and warehouses. TopBuild operates more than 450 locations across the United States and Canada.

Non-GAAP Financial Measures

This communication includes references to financial measures that are prepared other than in accordance with generally accepted accounting principles in the United States (“GAAP”). These non-GAAP financial measures include, but are not limited to, combined company revenue, combined company adjusted EBITDA and adjusted EBITDA. We calculate combined company revenue by adding the 2025 revenue of QXO, Kodiak and TopBuild, in each case adjusted to reflect the full year contribution of acquisitions completed throughout the year. We calculate combined company adjusted EBITDA by adding the adjusted EBITDA of QXO, Kodiak and TopBuild, in each case further adjusted to reflect the full year contribution of acquisitions completed throughout the year, where adjusted EBITDA is calculated by each company as net (loss) income excluding depreciation; amortization; interest (income) expense, net; provision for (benefit from) income taxes; and certain other adjustments that are not considered representative of the applicable company’s underlying operations. Any non-GAAP financial measures used in this communication are in addition to, and should not be considered superior to, or a substitute for, financial statements prepared in accordance with GAAP. Other companies may calculate these non-GAAP financial measures differently, and therefore our measures may not be comparable to similarly titled measures of other companies.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets or goals, the expected timing of the closing of the proposed acquisition, the anticipated benefits of the proposed acquisition, including synergies, and expected future financial position, total addressable market, positions in building product verticals and results of operations, are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others: (i) the risk that the proposed acquisition of TopBuild may not be completed on the anticipated terms in a timely manner or at all; (ii) the failure to satisfy any of the conditions to the consummation of the proposed acquisition, including the risk that the required shareholder approvals may not be obtained; (iii) the effect of the pendency of the proposed acquisition on each of QXO’s and TopBuild’s business relationships with employees, customers, or suppliers, or on operating results or the businesses generally; (iv) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the acquisition agreement for TopBuild, including circumstances that require the payment of a termination fee; (v) the possibility that the proposed acquisition may be more expensive to complete than anticipated, including as a result of unexpected factors or events, significant transaction costs or unknown liabilities; (vi) potential litigation and/or regulatory action relating to the proposed acquisition; (vii) the risk that the anticipated benefits of the proposed acquisition may not be fully realized or may take longer to realize than expected; (viii) the impacts of legislative, regulatory, economic, competitive or technological changes; (ix) QXO’s ability to finance the proposed acquisition; (x) unknown liabilities and uncertainties regarding general economic, market sector, competitive, legal, regulatory, tax and geopolitical conditions; and (xi) those risks and uncertainties set forth in QXO’s and TopBuild’s SEC filings, including each company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. Neither QXO nor TopBuild undertakes any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Important Information for Investors and Stockholders

In connection with the proposed acquisition, QXO expects to file a registration statement on Form S-4 with the SEC containing a preliminary prospectus of QXO that also constitutes a preliminary joint proxy statement of each of QXO and TopBuild. After the registration statement is declared effective, each of QXO and TopBuild will mail a definitive joint proxy statement/prospectus to stockholders of QXO and TopBuild, respectively. This communication is not a substitute for the joint proxy statement/prospectus or registration statement or for any other document that QXO or TopBuild may file with the SEC in connection with the proposed acquisition. INVESTORS AND SECURITY HOLDERS OF QXO AND TOPBUILD ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the joint proxy statement/prospectus (when available) and other documents filed with the SEC by QXO or TopBuild through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by QXO will be available free of charge on QXO’s website at https://investors.qxo.com and copies of the documents filed with the SEC by TopBuild will be available free of charge on TopBuild’s website at https://www.topbuild.com/investors. Additionally, copies may be obtained by contacting the investor relations department of QXO or TopBuild.

Participants in the Solicitation

QXO and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from QXO’s stockholders in connection with the proposed acquisition. Information regarding QXO’s directors and its executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, can be found under the captions “Security Ownership of Certain Beneficial Owners and Management,” “Executive Compensation,” and “Director Compensation” contained in QXO’s definitive proxy statement on Schedule 14A for QXO’s 2026 annual meeting of stockholders, which was filed with the SEC on March 24, 2026. To the extent holdings of QXO’s securities by its directors or executive officers have changed since the applicable “as of” date described in its 2026 proxy statement, such changes will be reflected on Statements of Beneficial Ownership on Form 4 filed with the SEC.

TopBuild and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from TopBuild’s stockholders in connection with the proposed acquisition. Information regarding TopBuild’s directors and its executive officers, including a description of their direct or indirect interests, by security holdings or otherwise, can be found under the captions “Common Stock Ownership of Officers, Directors and Significant Shareholders,” “Compensation Committee Report,” and “Director Compensation” contained in TopBuild’s definitive proxy statement on Schedule 14A for TopBuild’s 2026 annual meeting of stockholders, which was filed with the SEC on March 17, 2026. To the extent holdings of TopBuild’s securities by its directors or executive officers have changed since the applicable “as of” date described in its 2026 proxy statement, such changes will be reflected on Statements of Beneficial Ownership on Form 4 filed with the SEC.

The information regarding the interests of such participants in the solicitation of proxies in respect of the potential transaction will be included in the registration statement and joint proxy statement/prospectus and other relevant materials to be filed with the SEC when they become available.

The acquisition of Kodiak triples QXO’s total addressable market to over $200 billion, placing QXO in nearly every major building products category.

QXO, Inc. (NYSE: QXO) today announced it has completed its acquisition of Kodiak Building Partners (“Kodiak”) from Court Square Capital Partners for approximately $2.25 billion, expanding QXO’s addressable market to more than $200 billion.

Brad Jacobs, chairman and chief executive officer of QXO, said, “By acquiring Kodiak, we’re providing our customers with a wider range of product offerings and value-added services. In addition, we expect the deal to be highly accretive to 2026 earnings and we remain on track to achieve our goal of $50 billion in annual revenue.”

Steve Swinney, co-founder of Kodiak and leader of QXO’s new LBM division, added, “Today marks a definitive capstone for Kodiak as we join QXO and become a part of the most exciting company in building products.”

Joe Checkler, senior vice president of communications of QXO, said, "Lumber was always part of QXO’s plan, and this gives us entree into that market. Lumber is crucially important because it’s the first point of entry to most projects."

Advisors 

Morgan Stanley & Co. LLC and Wells Fargo acted as financial advisors to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel. RBC Capital Markets and KeyBanc Capital Markets acted as financial advisors to Kodiak, and Dechert LLP served as legal counsel. 

About QXO

QXO is the fastest-growing publicly traded distributor of building products in North America. The company is executing its strategy to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for its shareholders. QXO expects to achieve its target of $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

About Court Square Capital Partners

Court Square is a middle market private equity firm with over 40 years’ experience. Since 1979, Court Square has completed over 245 platform investments and is focused on helping Founders, Families and Manager-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the industrial, business services, healthcare, and tech and telecom sectors. As of December 31, 2025, Court Square has $10.1 billion of assets under management and is based in New York, New York. For more information, please visit www.courtsquare.com.

Cautionary statement regarding forward-looking statements

This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets or goals, the anticipated benefits of the acquisition and expected future financial position and results of operations, are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others: (i) the risk that the anticipated benefits of the acquisition may not be fully realized or may take longer to realize than expected; (ii) the effect of the acquisition on QXO’s business relationships with employees, customers or suppliers, operating results and business generally; (iii) unexpected costs, charges or expenses resulting from the acquisition; (iv) potential litigation and/or regulatory action relating to the acquisition; (v) the impact of legislative, regulatory, economic, competitive and technological changes; (vi) unknown liabilities and uncertainties regarding general economic, business, competitive, legal, regulatory, tax and geopolitical conditions; and (vii) the risks and uncertainties set forth in QXO’s filings with the Securities and Exchange Commission, including each company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not undertake any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law. 

North American Female Roofing Professional of the Year Winner will receive $10,000 and tickets to 2027 NWIR Days and IRE; Four finalists will receive $1,000.

In honor of International Women’s Day, QXO, Inc. (NYSE: QXO) today announced the launch of its sixth annual North American Female Roofing Professional of the Year campaign, which invites the public to nominate exceptional women working in the roofing industry across the U.S. and Canada.

“This award reflects the dedication of all the women throughout the industry who mentor, support and lift each other up,” said Rachel Narveson of Proficient Construction, the 2025 winner. “I hope my journey inspires others to embrace leadership, challenge barriers and pursue excellence in every project they take on.”

Narveson was recognized for her professional success and unwavering commitment to championing positive social change and inspiring others.

The nomination period opens today and runs through April 6, 2026, with one grand prize winner receiving $10,000 and tickets, airfare and accommodations to the 2027 National Women in Roofing (NWIR) Days event and the 2027 International Roofing Expo. Four finalists will receive $1,000.

The program is open to female roofing professionals in operations, accounting, sales, ownership, estimating or other key roles throughout the U.S. and Canada who are driving the industry forward with their talent and leadership. Nominations can be submitted online at go.qxo.com/femaleroofpro.

A panel of judges, including QXO executives, prior winners and female industry leaders will review submissions and select five finalists. The public will then have the opportunity to vote for their favorite female roofing professional from May 12 through May 22, 2026. The grand-prize winner and runners-up will be announced June 3, 2026, with all receiving funding for professional growth and being highlighted as industry role models.

Now in its sixth year, the North American Female Roofing Professional of the Year program is a key part of QXO’s broader commitment to fostering an inclusive and equitable workforce within the roofing industry. By supporting initiatives that highlight the achievements of women and underrepresented groups, the company aims to encourage diverse talent, promote professional growth and strengthen the industry as a whole.

To learn more about the Female Roofing Professional of the Year, view past winners and read the official program rules, visit go.qxo.com/femaleroofpro.

About QXO

QXO is the fastest growing publicly traded distributor of building products in North America. The company is executing its strategy to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for its shareholders. QXO expects to achieve its target of $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

From moments of personal growth to powerful reminders of why relationships matter, our crew experienced IRE as a celebration of progress, both individually and collectively. 

Trade shows are often measured by square footage, attendance numbers and new product launches. But for The Coffee Shops™ crew, the International Roofing Expo (IRE) reminded us that the heart of this industry has always been its people. 

Here’s IRE 2026, told through the voices of our crew. 

Growing into new roles and new confidence 

Jessica Bravo, our En Español program coordinator, reflected on how much can change in just one year when opportunity meets courage: 

IRE 2026 was one for the books. For me, it was an opportunity to step out of my comfort zone. Last year, I was running the camera; this year, I was the one doing the interviews. It means a lot to reflect on where I am now compared to where I was just a year ago. 

I love IRE because it creates space to connect with the Spanish-speaking community and get real face time with contractors. It’s an incredible environment to connect, network and learn.  

Alberto and I had the chance to walk the show floor and connect with many of our partners, including QXO, MuleHide, TAMKO® and SRS Distribution. We also connected with SRS Para Latinos partners, vendors, ambassadors and award winners. 

Stay tuned for all the En Español interviews coming soon! 

Alberto Torres, our Spanish content coordinator and newest crew member, echoed Jessica’s sense of growth as he experienced IRE from a completely new perspective this year. 

In previous years, I attended as a guest, but this time, I was working the show. 

Since IRE is the biggest event in the roofing industry, it felt a little intimidating at first. But once I arrived, everything started to fall into place. I met Jessica at the SRS Para Latinos lounge, and the confidence she had in me was bigger than the confidence I had in myself. She handed me the camera and told me to start recording like it was the most natural thing in the world. I was the new guy standing in the middle of so many Hispanic professionals – people who have built strong careers in the industry – waiting to watch other leaders receive their awards. And honestly, you know how intimidating that can feel. But I took a deep breath and started recording. 

The show was incredible, and I couldn't have done it without the support and encouragement from my crew members at RoofersCoffeeShop®. What stood out the most to me wasn't just the size of the show floor, but the sense of community. IRE truly feels like more than an event – it feels like a reunion. Not only inside the convention center, but outside of it too, people were genuinely happy to see each other, connect and spend quality time together. 

This experience reminded me that the roofing industry is built on relationships, and that there's a place for all of us to grow, contribute and be seen. 

Celebrating milestones and making space for belonging 

This year’s show marked a major milestone for the National Women in Roofing’s NWIR Days that preceded IRE. Megan Ellsworth, our multimedia director, captured the emotional weight of the moment: 

The biggest highlight for me the week of IRE was National Women in Roofing Days. We celebrated 10 years of the association, and it was an emotional and deeply meaningful two days full of connection, learning and growth. Some stand out moments from the day for me were the Survivor themed class about building resiliency, Mandy McIntyre's class on confidence and the founders' keynote talk in the morning.  

Having watched the creation of NWIR from the age of 17 to now has been an honor and a privilege. Getting to see my mom, Heidi J. Ellsworth, and the other three founding women talk about the struggles, the joys and the triumphs of starting NWIR was heartwarming and shows me truly how far we have come, and also how far we have yet to go. 

Relationships are the foundation of the industry 

Again and again, our crew came back to the same realization that IRE is powered by relationships. Dani Sheehan, content strategist for The Coffee Shops elaborated: 

I spent all three days walking the show floor with Camden during interviews, and it was such a powerful reminder of the impact this industry has. Being there made it possible not just to see the show, but to truly experience it, hearing the different stories of partners we work with every day and learning sides of their businesses we don’t always get to see. 

Running into familiar faces from last year, reconnecting with friends and spending time with partners like CertainTeed was easily one of the highlights of the week. It was positive, energizing and genuinely fun. 

James Ellsworth, our CFO, felt as if that sense of connection showed up in unexpected places: 

It was quite a good, positive week. The sound stage at IRE did 89 recordings over the course of three days, and Karen took on the bulk of those. We had experts from around the industry all wanting to get in on the booth and the sound stage. The green room that we had was quite the hot spot. All the people wanted to hang out there and relax. And it was a lot of fun this morning having Alberto and Jessica hand out our backpacks. We had little kids wearing them, which was really cute. We had The Coffee Shops everywhere, and it was really quite impressive. It was a great week, very busy and very successful. 

Storytelling as a service to the industry 

At the center of it all was a shared purpose: telling the industry’s stories and making sure no one feels left out. Karen Edwards, The Coffee Shops’ COO, made her mark interviewing industry connections on the soundstage: 

Being on the sound stage and interviewing our partners, vendors and manufacturers from across the show was incredibly rewarding. It’s so cool that we’re able to bring a little piece of IRE to the people who aren’t able to attend. 

Our goal is really to focus on the industry – telling the stories, having those conversations and sharing those interviews – and as Heidi says, uplifting and amplifying the entire industry. It was a fabulous week. 

Lauren White, our editor in chief, summed it up best when she reflected on what it means to show up with intention: 

It's always so fun to see the same faces year after year… for us to be able to go on to the show floor and to highlight those booths and ask them, 'What do you want to showcase?’ people were just very appreciative of us coming to their booths, showing off their booths and chatting with them. 2026 is the year of growth. 

IRE 2026 reinforced something we already know but never want to take for granted: this industry is built on people who show up for each other. Whether it was stepping into a new role, celebrating a milestone, reconnecting with old friends or creating space for new voices, IRE proved once again that roofing is a tight-knit, incredible community. 

And for our crew, it was an honor to be part of it. 

Check out our YouTube playlist for more insights from industry experts!

In this Coffee Conversations®, sponsored by QXO, Megan Ellsworth hosts a powerful discussion with women who are shaping the future of roofing. They will highlight the Female Roofing Professional of the Year Award — a recognition that honors outstanding leadership, innovation and mentorship among women in the roofing industry along with past and present National Women in Roofing (NWIR) leadership.  The panel shares insights on leadership, mentorship and building successful companies and organizations in a competitive field. From overcoming barriers to leveraging technology and strategic partnerships, this conversation offers practical takeaways and fresh inspiration for the entire roofing industry. 

Register today!

This acquisition is expected to be highly accretive to QXO’s earnings in 2026.

QXO, Inc. (NYSE: QXO) today announced it has entered into a definitive agreement to acquire Kodiak Building Partners (“Kodiak”) from Court Square Capital Partners for approximately $2.25 billion. The transaction is expected to be highly accretive to 2026 earnings and will expand QXO’s current addressable market to more than $200 billion. 

The purchase price comprises $2.0 billion of cash and 13.2 million shares, with QXO retaining the right to repurchase these shares at $40 per share. The transaction is expected to close early in the second quarter of 2026, subject to the satisfaction of customary closing conditions.

Kodiak generated approximately $2.4 billion of revenues in 2025 as a U.S. distributor of lumber, trusses, windows and doors, construction supplies, waterproofing, roofing and complementary exterior products, as well as value-added assembly, fabrication and installation services. The business is a market leader in most of its geographies, with concentrations in the Sun Belt and Mountain states. About 40% of Kodiak’s 2025 revenues were generated in Florida and Texas, where building market growth has consistently outpaced national market growth over the last decade.

Brad Jacobs, chairman and chief executive officer of QXO, said, “The acquisition of Kodiak is highly complementary to our existing business. We’ll be able to deliver more value to customers across our combined base by cross-selling products and support services, and with a greater presence in key markets. And we expect the integration to accelerate margin expansion through scaled procurement, network optimization, AI-powered inventory management and other tech-enabled operating efficiencies. Our acquisition pipeline remains very active, with plenty of dry powder from our recently announced equity financings led by Apollo and Temasek.” 

The integration of Kodiak’s structural and exterior construction product offerings with QXO’s existing range will better position QXO to grow both market share and wallet share with large homebuilders. This aligns with the company’s strategy to become a preferred supplier serving the full project lifecycle of large, multisite developments and master-planned communities.

Steve Swinney, co-founder and chief executive officer of Kodiak Building Partners, said, “QXO is the most exciting company in the industry. By joining forces, we’re moving from strength to strength to unlock new opportunities for our customers and employees. I want to thank our employees for building a high-quality business at Kodiak and for the value created over the past 15 years, including the last eight with Court Square. I look forward to an even more exciting future as part of QXO.”

Advisors

Morgan Stanley & Co. LLC and Wells Fargo are acting as financial advisors to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel. RBC Capital Markets and KeyBanc Capital Markets are serving as financial advisors to Kodiak, and Dechert LLP is acting as legal counsel. 

About QXO

QXO is the fastest growing publicly traded distributor of building products in North America. The company is executing its strategy to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for its shareholders. QXO expects to achieve its target of $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

About Kodiak Building Partners

Founded in 2011, Kodiak is a national distributor of essential building products, including lumber and components, trusses, windows and doors, construction supplies, waterproofing, roofing and complementary exterior materials. This product portfolio is supported by value-added services for assembly, fabrication and installation. Kodiak has approximately 5,500 employees across 110 locations in 26 states and serves over 10,000 customers, including contractors, subcontractors, remodelers, and residential, commercial and industrial builders. 

About Court Square Capital Partners

Court Square is a middle market private equity firm with over 40 years’ experience. Since 1979, Court Square has completed over 245 platform investments and is focused on helping Founders, Families and Manager-owners to develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the industrial, business services, healthcare, and tech and telecom sectors. As of September 30, 2025, Court Square has $10.1 billion of assets under management and is based in New York, N.Y. For more information, please visit www.courtsquare.com.

Cautionary statement regarding forward-looking statements

This release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets or goals, the expected timing of the closing of the proposed acquisition, the anticipated benefits of the proposed acquisition and expected future financial position, total addressable market and results of operations, are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described herein include, among others: (i) the risk that the proposed acquisition may not be completed on the anticipated terms in a timely manner or at all; (ii) the failure to satisfy any of the conditions to the consummation of the proposed acquisition; (iii) the effect of the pendency of the proposed acquisition on each of QXO’s and Kodiak’s business relationships with employees, customers or suppliers, or on operating results or business generally; (iv) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the agreement; (v) the possibility that the proposed acquisition may be more expensive to complete than anticipated, including as a result of unexpected factors or events, significant transaction costs or unknown liabilities; (vi) potential litigation and/or regulatory action relating to the proposed acquisition; (vii) the risk that the anticipated benefits of the proposed acquisition may not be fully realized or may take longer to realize than expected; (viii) the impacts of legislative, regulatory, economic, competitive or technological changes; (ix) unknown liabilities and uncertainties regarding general economic, market sector, competitive, legal, regulatory, tax and geopolitical conditions; and (x) those risks and uncertainties set forth in QXO’s SEC filings, including QXO’s Annual Report on Form 10-K for the year ended December 31, 2024.

Forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not undertake any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law. 

Inspiring leadership stories, meaningful education, hands-on training and a powerful sense of community made NWIR Days 2026 an event to remember. 

Editor’s note: The following is a transcript of a conversation between the Coffee Shop crew about NWIR Days 2026. 

Karen Edwards: National Women in Roofing 2026 just ended, and it was an amazing day. It was a great event. I think one of my favorite parts about the day was the opening session where the four co-founders, Jennifer Ford Smith, Jenny Stone, Shari Carlozzi and Heidi J. Ellsworth shared the story of how the organization started and what they had to do to get things off the ground. And I would say probably 20% of the room were first timers, and so these are folks who've never heard that before, because they haven't been here the whole time. And the reason that that was the morning session was because National Women in Roofing is celebrating their 10-year anniversary since becoming incorporated as a 501 c6 in 2016, so it was amazing to see where it started and where it is now. And they really, really made the event great.  

You know it was interesting and exciting because it went by real fast. Another thing that I really enjoyed was Megan led a panel on building loyalty with your employees, and it was about how to help working parents and how you can support them and how you can make it easier for them. And that was a panel that had Jenny Stone, Cool Roof Rating Council’s Jeff Steuben and Kyra Coker from National Roofing Partners. And you know, we have a lot of young folks here that are becoming parents for the first time. And so understanding what are some things that we can do to support it was really valuable.  

And then, of course, the Skills Lab. You get to see the products, you get to try stuff out, you get to try welding. It was just a really, really well-rounded day. And you know, thank you to Christee Roberson for her leadership. And we're looking forward to Christine Mockenhaupt taking the reins for 2026. 

Lauren White: I agree, the day went by really quick. As for the breakout sessions, there were fewer of them, but they were longer, which was really nice because people could really get into having a conversation, asking questions, getting good advice and feedback from everybody else in the room. Last year it sometimes felt like we were rushed to get to the next session, but not this year.  

We had the awards during lunch. It was really fun to celebrate the Rising Stars and the WORLD Award winners. They did Council Awards again this year, and the councils are doing some really incredible things. And the WORLD Award winner for this year is Michelle Ly with Hallmark Roofing in Austin, Texas, and the Rising Star Award is Liz Garza with SRS Distribution, which was really fun to celebrate them.  

We had a really fun time at the Skills Lab. Dani and I did some heat welding and some pull tests. We write about all these companies and materials and products, and it was really fun to just feel them and touch them and work with them.  

Dani Sheehan: I agree. It was really well planned out. I really appreciated having the awards during lunch and being able to network through that and then also having the break in between sessions, just getting us up and moving was really great.  

I also think the Skills Lab was my favorite part. Just having so many hands-on demonstrations, the QXO challenge during the networking break was really fun to watch, and I think we were able to capture some great videoto see who could put down the ISO board the fastest. So that was really cool to see.  

And just again, being in this room where women are building each other up, and there's not competition, and we're just all here together, learning about roofing, being in this industry, creating this community. I lovedgetting to meet Kim with Division 7 Roofing and hang out with her. Mandy's session at the end was a great way to close everything out. Her session, Speaking Up, To Show Up: Building Confidence in Work and Life, was so great and it was great to feel the energy in that room. And I think she just helped us all get rid of that imposter syndrome that we all feel in the workplace.  

Camden Bennett: This is my first NWIR Day, and going into IRE it was really fun to see how much energy all the women exuded here, and how, even though some of our companies might be competitors, everyone was very friendly, and clearly wanted to know what others had to say.  

My first session was, Roofing is Like a Sandwich, Understanding the Basics with Lynn Picone and Kimberly Santiago-Vega with GAF and I got to see some of the technical errors that people make, and how to remedy those, and how even little mistakes can cause huge problems with roofing and can be quite costly, and then how to avoid those in the future. The Skills Lab was also my favorite. It's fun to be able to use the things that we are writing about, posting or promoting. As for the Speak Up session, it was interesting to see what other people had to say and have some good discussion. It was eye opening. 

Jessica Bravo: I attended Roofing 101, Covering the Basics with GAF. It was really informative, and Kimberly and Lynn are very knowledgeable. And like everyone said, Skills Lab was my favorite, watching Camden use the nail gun was really fun. And we ended the breakout sessions with Speak Up and Show Up with Mandy. Connecting with the NWIR Latina Council, Conexión Hispana, was also great. 

Record-breaking exhibitor numbers, expanded programming to compliment growing verticals and innovation define the 2026 event.

The International Roofing Expo, (IRE) the leading destination for residential and commercial roofing and exteriors professionals, concluded its largest edition to date. Thousands of craftsmen gathered for three days of product discovery, access to the newest technological advancements and design innovations, solidifying the event’s position as the ultimate hub for advancing the roofing and exteriors industry.

A record-breaking year for IRE

The 2026 edition of IRE set a new benchmark as the largest show in the event’s history, spanning more than 230,000 net square feet and featuring 700+ exhibitors. The event attracted a strong international audience, with attendees from Canada, Mexico, China, the United Kingdom, Brazil, Colombia and beyond, eager to gain insights into the North American roofing market, which holds a major share of global revenue.

Innovative exhibitors and first-time features

This year’s event welcomed over 180 new exhibiting companies, introducing groundbreaking products and solutions to meet the growing demand for roofing materials. The debut of the First Look Area showcased a curated selection of startups and emerging companies, including RAM Companies, Cool Roof Distribution, Roofs In A Box, Zuper and more. Returning industry leaders such as ABC Supply, GAF, QXO, Atlas Roofing Corporation, Owens Corning, SRS Distribution and Polyglass USA Inc. reaffirmed their commitment to innovation and excellence.

Empowering professionals through education

IRE 2026 delivered a robust educational program with over 165 sessions including conference, expo hall education and hands-on demonstrations, covering critical topics such as workplace safety, financial management, legal and regulatory compliance, leadership, business strategies, sales and service techniques, technical skills and sustainability. These sessions provided actionable insights to empower attendees with the tools needed for personal and professional growth.

The General Session panel brought together industry leaders from Roofing Contractor, BNP Media, the National Roofing Contractors Association (NRCA) and Adams and Reese LLP. Panelists including NRCA leadership and renowned legal expert Trent Cotney discussed the state of the roofing industry, offering perspectives on current challenges, future opportunities and the evolving market landscape.

Strengthening the roofing community

IRE continues to champion initiatives that foster inclusivity and community engagement within the roofing industry: The Hispanic Contractors Program, providing networking and educational opportunities to empower Hispanic professionals in the sector. Roofers in Recovery returned for its second year, contributing vital mental health resources and support to industry professionals. The 17th annual Community Service Day, sponsored by Sika, Atlas, Roofing Contractor, Centimark, Reliable Onsite Services, Western Elite, Farrell Roofing and in partnership with Rebuilding Together Southern Nevada, saw volunteers repair homes for local residents, with materials generously donated by GAF.

“This year’s International Roofing Expo was a testament to the strength and growth of the roofing and home improvement industry,” says Rich Russo, show director, International Roofing Expo. “With record-breaking exhibitor participation, new initiatives and a strong presence of decision-makers, IRE 2026 proved to be the centerpiece of the innovation and collaboration that drive this industry forward.”

Expanding the exteriors segment

The Pro Contractors Pavilion returned as a key feature on the show floor, serving as a dedicated space for collaboration between home improvement professionals and roofing contractors. This expansion fostered new business opportunities and strengthened industry partnerships.

“If you are in the roofing industry, IRE is a great place to make connections, meet new people and learn about new products. If you [have] a business and want to understand what your market is doing, it is a great place to check...out [the landscape], check out what your competition is up to and learn more,” remarks Danielle Wells, president, Progressive Materials.

Looking ahead to 2027

The International Roofing Expo will return to Las Vegas, February 16-18, 2027, at the Las Vegas Convention Center. For updates and information on next year’s event, visit www.theroofingexpo.com.

About International Roofing Expo

The International Roofing Expo® is the premier event for both the commercial and residential roofing and exterior construction industries. The IRE brings the professional community together to help them stay current on trending knowledge and to see the largest selection of products and services. The event helps professionals improve their business through education, exhibitions and networking. The International Roofing Expo is owned and operated by Informa Markets. The official show sponsor is NRCA and the official show publication is Roofing Contractor. For more information, please visit www.theroofingexpo.com.

About Informa Markets

Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio comprises more than 550 international B2B events and brands in markets including Engineering, Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world's leading exhibitions organizer, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, visit www.informamarkets.com.