Adobe Stock/scaliger

Jacobs Private Equity II, LLC, led by Brad Jacobs, appointed Ihsan Essaid as incoming chief financial officer of QXO, a publicly-traded company Jacobs intends to lead in the $800 billion building products distribution industry.

“Ihsan is a heavy hitter in the M&A world with an exceptional track record,” Jacobs said. “I’m very pleased he’ll be leading QXO’s finance team.”

Essaid has more than three decades of global investment banking experience, centered on providing critical advisory services for larger M&A and capital market transactions. He joins QXO from Barclays, where he served as global head of M&A. He previously served as co-head of global M&A and co-head of Americas M&A.

In 2023, Jacobs announced his intention to create a market leader in building products distribution with the goal of generating outsized stockholder value with the publicly-traded company QXO. QXO plans to create a tech-forward leader in the building products distribution industry through accretive acquisitions and organic growth.