Investor Brad Jacobs will step down on December 31 from his chairman roles at trucking conglomerate XPO Inc. and contract warehousing provider GXO Logistics Inc., two of the logistics sector giants that he built through a series of acquisitions, in order to focus his efforts on two of his other companies, the construction products provider QXO and investment firm Jacobs Private Equity.Jacobs had already stepped down in 2022 as CEO of Greenwich, Connecticut-based XPO, the company he founded by consolidating trucking and logistics service providers (LSPs), before breaking it up by spinning off GXO and the freight brokerage RXO. Then in 2024, he founded QXO and announced plans to build it into a major player in the construction and infrastructure products distribution sector.“By transitioning out of my board positions at XPO and GXO, I can dedicate even more energy to QXO and Jacobs Private Equity,” Jacobs said in a release. “We intend to grow QXO into a $50 billion revenue leader in building products distribution through accretive acquisitions and organic growth. XPO and GXO are in excellent shape and their prospects are very bright.”
