QXO, Inc. (QXO) – Sophon Capital Research
Pitch Summary: @Sophoninvest argues that QXO represents the fourth major roll-up platform under Brad Jacobs, whose previous ventures (URI, XPO, United Waste) delivered extraordinary returns through disciplined, tech-enabled consolidation strategies. The building products distribution sector is extremely fragmented, creating a fertile environment for the same playbook: acquire mom-and-pop operators at 4–6x EBITDA and layer on […]
