How Brad Jacobs Will Invest $4.5 Billion to Reshape Building Supplies
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 2 July 2024
⏱️ 52 minutes
🧾️ Download transcript
Summary
Brad Jacobs has made a career of starting, consolidating, and growing whole industries. He did a trucking company. He did a warehouse company. He has a freight brokerage. He created an equipment rental company. His new venture, dubbed QXO, aims to reshape the big and sprawling market for building supplies, which can encompass residential, infrastructure and commercial real estate. And he has $4.5 billion of his and his investors' money to go out and buy and build. In this special episode of the Odd Lots podcast, recorded live at the Bloomberg Invest conference in New York City, he talks about where he is in the new process, and what he plans to do once he's made his acquisitions.
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| 1:01.1 | Podcasts, radio news. Hello and I'm Joe Wiesenol today. We are bringing you a live episode recording that took place at |
| 1:27.9 | Bloomberg's recent Invest Conference where we sat down with Brad Jacobs, the billionaire and serial |
| 1:34.7 | entrepreneur, now chairman and CEO at QXO. We talked to Brad late last year |
| 1:39.9 | about his new company QXO and the basic plan of buying up companies within the building supply |
| 1:46.7 | distribution industry and since we talked to him he's raised four and a half billion dollars and so we wanted to learn a |
| 1:54.8 | little bit more about how he's actually going to deploy his money. |
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