Jacobs Private Equity II LLC has announced the appointment of Ihsan Essaid as incoming chief financial officer for QXO Inc., a publicly traded building products distribution company. QXO was created by Brad Jacobs in December. Jacobs, who has completed approximately 500 M&A transactions over the course of his career and built five multibillion-dollar, publicly traded companies, announced his intention to create a market leader in building products distribution through QXO.
“Ihsan is a heavy hitter in the M&A world with an exceptional track record. I’m very pleased he’ll be leading QXO’s finance team,” said Jacobs, QXO’s incoming chairperson and CEO.
Essaid brings more than three decades of experience in global investment banking, during which he has provided critical advisory services for large M&A and capital markets transactions. He joins QXO from Barclays, where he most recently served as global head of M&A, following roles as co-head of global M&A and co-head of Americas M&A.
Previously, Essaid was a managing director of media and telecom M&A with Credit Suisse for six years, and a partner with Perella Weinberg Partners for seven years preceding that role. He holds a Master of Business Administration degree in finance from Columbia Business School and a bachelor’s degree in mathematics from Hobart and William Smith Colleges.