An investor group spearheaded by Apollo Global Management Inc. has committed over $1 billion to QXO Inc., a building products distribution company founded by Brad Jacobs. The investment aims to fuel QXO's acquisition-driven growth strategy, according to sources familiar with the deal.

The financing round also includes participation from other firms, notably Franklin Templeton. While the exact breakdown of the investment was not disclosed, the substantial capital injection signals strong confidence in QXO's business model and future prospects. An official announcement is anticipated as early as Monday, though the timing remains subject to change.

This significant investment arrives at a time of considerable activity in the building materials sector. QXO's aggressive acquisition strategy positions it to consolidate a fragmented market, potentially disrupting established players and reshaping the competitive landscape. The company's focus on technology and efficient distribution could give it an edge in capturing market share.

QXO, based in Greenwich, Connecticut, is the latest venture from Brad Jacobs, known for his success in building and scaling transportation and logistics companies like XPO Logistics. Jacobs' track record and vision have likely been key factors in attracting such substantial investment from Apollo and Franklin Templeton.

With the new capital infusion, QXO is poised to accelerate its acquisition plans and expand its reach within the building products distribution market. The company's ability to execute its strategy and integrate acquired businesses will be critical in determining its long-term success and its impact on the industry. Investors will be closely watching QXO's performance in the coming quarters as it embarks on this ambitious growth phase.