How Brad Jacobs Will Invest $4.5 Billion to Reshape Building Supplies | Odd Lots

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 process, and what he plans to do once he's made his acquisitions.
Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
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[@macktheknife2037]

Wow! First time seeing you guys, always listened to the podcast... Not sure why I imagined Joe Weisenthal much older 😂

[@shushanwen3041]

Love to see Old Lots on video😍

[@JasonSmith-jg2xc]

I always find something new and useful in your lessons. Thanks for sharing your experience!

[@jonahsekakoni]

Moderator dude sounds like the chap from "its always sunny in Philadelphia"

[@davidbangsdemocracy5455]

Is this just about “rolling up” competitors into monopolies and raising prices?

[@JA-xg5dp]

Not entirely. It’s a big industry. There will always be competition. It’s more of an injection of tech and the use of m&a to capture market share quickly

[@WingfanSports]

No, it's about buying a company. Improving operational efficiency. That's it. Rinse and repeat. Much faster way to enter a market than starting from scratch.

[@halams3772]

Did the hosts do zero research on Brad before interviewing? "So you're going to do more than one acquisition?" - come on...

[@JuliaAnne]

Perez Larry Allen Kenneth Lopez John

[@2and20]

Both hosts are not very personable, funny or insightful. This is one of the worst interviews of Brad I have ever seen. Step your game up Bloomberg!

[@lorapalmer3937]

Hall Michelle Hall Daniel Brown Daniel

[@JahanMoslima-q7t]

Lewis Anthony Rodriguez Lisa Johnson Larry

[@RevaHayes-s9m]

Lopez George Johnson Richard Jackson Susan

[@MeganLadebauche-e6w]

Thompson Jose Brown Nancy Jackson Joseph

[@JenniferJenkins-g2h]

Gonzalez Edward Lee Ruth Williams Dorothy

[@FreemanArno]

Thompson Helen White Frank Robinson Carol

[@SarahNWA]

Young Steven Thomas Ronald Thompson Jeffrey

[@starnightstarlight]

the stock is crashing

[@8corymix8]

That's when you buy

[@Debosway77]

@@8corymix8 Was this really in the hundred dollar per share range not to long ago? Or was that because of some SSNT shares converting etc?

[@Anthony-dj4nd]

L