QXO, Inc. was founded in mid 2023 through the transformation of SilverSun Technologies under the leadership of serial entrepreneur Brad Jacobs, with a bold vision to modernize the $800 billion building products distribution industry. Jacobs invested ~$900 million along with co-investors, injecting $1 billion into the company and renaming it QXO. The public listing followed via a Nasdaq ticker change to QXO.
QXO combines acquisition-driven expansion with technology-first operations. It offers e-commerce, warehouse management, ERP, and customer platforms tailored for contractors and builders. The firm also builds proprietary software and provides consulting services to manufacturing and distribution clients. Financial backing of over $5 billion (in cash, debt free) positions it as a formidable consolidator and digital integrator.
QXO’s strategy rests on rapidly scaling through major deals and deep AI investment. Leadership hired Ashwin Rao—Target’s former head of AI—and formed a dedicated 24-person data science team to implement robotics, route optimization, and inventory automation. In early 2025, Val Liborski, ex CTO at Yahoo, HelloFresh, and Amazon Web Services, joined as CTO to lead systems integration as the company becomes a technology layer atop acquired distribution assets.
The centerpiece move was QXO’s acquisition of Beacon Roofing Supply for roughly $11 billion in early 2025—turning itself into the second-largest roofing-products distributor in North America. This aligns with Jacobs’s ambition to reach $50 billion in annual revenue within a decade via organic expansion and bolt-on deals. The company also successfully raised $830 million in equity tied to the Beacon purchase .
QXO’s ongoing projects include integrating Beacon’s operations, streamlining distribution through advanced logistics and AI-driven supply chain systems, and pursuing additional acquisitions such as the bid for GMS building supplies. The firm is focused on building a unified, tech-enhanced platform for building products, creating an integrated customer experience, and carving out a defensive moat through scale, robotics, data analytics, and digital commerce.