Beacon had not commented when this article went to press, and QXO has not released any updates. QXO emerged last June, announcing it had raised an initial $3.5 billion in a private placement, followed by a second round in July, netting an additional $620 million. Its founder, Brad Jacobs, is a self-made billionaire with experience in logistics and a deep commitment to technology, particularly artificial intelligence. Regarding cross-sale opportunities, the acquisition is opening up a new range o...