Greenwich's QXO eyes $50 billion business in distribution of contractor and building supplies

In any given year, $50 billion covers the cost of all construction under way across New England, New York and New Jersey, as estimated by the U.S. Census Bureau. That happens to be the annual revenue total that Brad Jacobs sees his Greenwich-based startup QXO hitting, in selling building materials across North America and Europe — and he now has an extra $3.5 billion in hand from investors who are buying into that vision. After creating the corporate platforms for XPO and United Rentals, Jacobs is now eyeing a similar...