QXO Upsizes Convertible Preferred Equity Commitment to $3 Billion
January 12, 2026
QXO expanded a previously announced convertible preferred equity financing to a $3 billion commitment, increasing capacity to fund future acquisitions through July 15, 2026. The financing is led by funds managed by affiliates of Apollo Global Management, with Temasek and other investors participating.
- Buyers
- Apollo Global Management affiliates, Temasek, Other investors (unspecified)
- Targets
- One or more qualifying acquisition targets (unspecified)
- Industry
- Building Products
- Location
- Connecticut, United States
- Transaction Type
- Growth capital
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