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acquisitionAnnounced · Jan 6, 2026Building Products DistributionSource · CredibleArticle · Factual
QXO
MidCap Financial Investment Corporation
QXO · MidCap Financial Investment Corporation

MidCap Financial Investment Corporation acquires QXO

David Najork
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
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Deal value
$1.2B
Target
QXO
QXO
NASDAQ: QXO · Greenwich, Connecticut
Acquirer
MidCap Financial Investment Corporation
MidCap Financial Investment Corporation
Full Acquisition
Status
Announced

MidCap Financial Investment Corporation agreed to acquire QXO. Reported deal value: $1.2B. Status: Announced. Sector: Building Products Distribution. Target headquarters context: Greenwich, Connecticut, United States.

This page summarizes publicly available information about the transaction as of 2026-01-06. Figures and status may change as filings and press coverage update.

announced that funds managed by Apollo Global Management and other investors agreed to invest up to $1.2 billion in a new Series C convertible perpetual preferred stock, structured as a private placement, to finance one or more large acquisitions

Deal timeline

Announced
Jan 6, 2026 · theglobeandmail.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Building Products Distribution with a reported deal value of $1.2B. Figures and status may change as sources update.

Sources: theglobeandmail.com · Primary article · FireStrike proprietary index