Jacobs’ ‘playbook’ will target new industry, to be determined
Billionaire entrepreneur Brad Jacobs, who launched LTL carrier XPO and its later spinoffs, is turning to what he calls his “playbook” once again to seek out opportunities in a different sector. The sector? We don’t know yet and he’s not saying. In an eventful Monday morning for Jacobs, the current founder and CEO of building […] The post Jacobs’ ‘playbook’ will target new industry, to be…
Billionaire entrepreneur Brad Jacobs, founder and CEO of building supply company QXO, announced a $1 billion investment in a natural resources company called CKX Lands. The minority shareholder is also participating in the acquisition. Jacobs will take the chairmanship and CEO position of the newly renamed company. This move follows a similar pattern to his acquisition of QXO from a software company.
Jacobs plans to use this "playbook" strategy to target a different industry, although the specific sector has not yet been disclosed.
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