"Brad Jacobs Sets Sights on Construction Materials for Lucrative Consolidation"
Serial deal maker Brad Jacobs, executive chairman of XPO, is launching a new tech-focused company called QXO, which aims to acquire businesses in the building-products distribution industry. QXO will focus on distributing products such as lumber, doors, windows, and landscaping supplies. Jacobs has a track record of building multibillion-dollar companies through acquisitions in various sectors.