David S. Huntington

Paul, Weiss advised QXO, Inc., a public company launched by CEO Brad Jacobs in the building products distribution industry, in a registered public offering of $750 million of common stock. QXO intends to use the net proceeds from the offering for general corporate purposes, which may include funding future acquisitions of businesses. BofA Securities, Inc. acted as sole bookrunning manager. The Paul, Weiss team was led by corporate partners David Huntington and David Sobel, and included tax partner Scott Sontag and counsel Alyssa Wolpin.

Jan 20

1 min

Paul, Weiss is advising QXO, Inc., a leading distributor of building products in North America, in its approximately $2.25 billion cash-and-stock acquisition of Kodiak Building Partners, a U.S. distributor of essential building products, from Court Square Capital Partners. 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. The deal is expected to close early in the second quarter of 2026, subject to customary closing conditions. The Paul, Weiss team is led by corporate partners Nickolas Bogdanovich, David Huntington and Scott Barshay, and includes partners David Sobel and David Hong; executive compensation partner Christopher Gonnella; tax partner Scott Sontag and counsel Alyssa Wolpin; intellectual property partner Jonathan Ashtor; antitrust partner Yuni Sobel; environmental counsel William O'Brien; and litigation counsel Audrey Paquet.

Feb 11

1 min

Building products distributor QXO Inc. said Wednesday it has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, with Paul Weiss Rifkind Wharton & Garrison LLP advising QXO and Dechert LLP representing Kodiak. QXO said its purchase of Kodiak is part of its plan to boost annual revenues within the next decade through acquisitions and organic growth. (Photo by Jaque Silva/SOPA Images/Sipa USA) (Sipa via AP Images) The purchase price comprises $2 billion of cash and 13.2 million shares, with QXO retaining the right to repurchase the shares at $40 per share, according to a QXO announcement. QXO said the acquisition is part of its target to achieve an ambitious $50 billion in annual revenues within the next decade through acquisitions and organic growth. As of Sept. 30, 2025, QXO reported trailing 12-month revenues of about $4.7 billion. "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," the firm said. "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." Kodiak had about $2.4 billion of revenues in 2025 as a U.S. distributor of lumber, trusses, windows and doors, construction supplies and other building products. The business is a leader in parts of the Sun Belt and Mountain states, and about 40% of Kodiak's 2025 revenues were generated in Florida and Texas, the announcement said. The transaction is expected to close early in the second quarter of 2026, subject to the satisfaction of customary closing conditions. Brad Jacobs, chair and CEO of QXO, said in a statement that the complementary acquisition is expected "to accelerate margin expansion through scaled procurement, network optimization, AI-powered inventory management, and other tech-enabled operating efficiencies." He added that the company's acquisition pipeline remains "very active," with recent equity financings led by Apollo and Temasek. Steve Swinney, co-founder and CEO of Kodiak Building Partners, said the merger will "unlock new opportunities for our customers and employees." The Paul Weiss team includes partners Nickolas Bogdanovich, David Huntington and Scott Barshay. The Dechert team is led by partners Eric Siegel and Stephanie Haas.

Feb 11

2 min

Paul, Weiss represented RXO, Inc., a leading provider of asset-light transportation solutions, in its private offering of $400 million aggregate principal amount of 6.375% senior unsecured notes due 2031. The proceeds of the offering will be used to repurchase or redeem all of RXO’s outstanding 7.500% notes due 2027, to pay related fees and expenses and for general corporate purposes. BofA Securities, Citigroup, Barclays, Goldman Sachs & Co. LLC, Morgan Stanley and Wells Fargo Securities acted as joint bookrunning managers, and J.P. Morgan, Regions Securities LLC, Scotiabank, Truist Securities and U.S. Bancorp acted as co-managers. The Paul, Weiss team included corporate partners David Huntington and David Sobel; and tax partner Scott Sontag and counsel Alyssa Wolpin.

Feb 20

1 min

Paul, Weiss advised QXO, Inc., a public company launched by CEO Brad Jacobs in the building products distribution industry, on a $1.8 billion upsize to its previously announced $1.2 billion convertible preferred stock financing led by funds managed by affiliates of Apollo Global Management, Inc. The upsize was led by Apollo and Singapore-based investment firm Temasek and brings the total investment to $3 billion, further strengthening QXO’s financial flexibility to pursue strategic acquisitions. The Paul, Weiss team was led by corporate partner David Huntington and included partner David Sobel, and tax partner Scott Sontag and counsel Alyssa Wolpin.

Jan 12

1 min