Executive Chair, XPO Logistics

Monday, December 11, 2023

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Author Series

Moderator:
Sonali Basak
Global Finance Correspondent, Bloomberg

Brad Jacobs is a career CEO and serial entrepreneur with a unique track record as a Wall Street moneymaker. To date, he has founded and led seven billion-dollar or multibillion-dollar companies, creating tens of billions of dollars of value for shareholders.

Over the course of his career, Jacobs has raised $30 billion of debt and equity capital, including three IPOs, and led approximately 500 M&A transactions across multiple industries.

In the supply chain industry, he grew XPO into a top ten global logistics provider, and then executed a $7 billion spin-off of GXO Logistics and a $5 billion spin-off of RXO, creating two new public companies in about 15 months. XPO was the seventh best-performing stock of the last decade in the Fortune 500 and became a "32-bagger"–initial investors in XPO made more than 32 times their money.

Prior to XPO, Jacobs founded United Rentals and United Waste Systems. He built United Rentals into the largest construction equipment rental company in the world in 13 months. United Rentals was the sixth best-performing Fortune 500 stock of the last decade, and became more than a "100-bagger"–the share price at inception was $3.50, and its stock now trades at more than 100 times that price. United Waste's stock outperformed the S&P 500 by 5.6 times from the time Jacobs took the company public to its sale for $2.5 billion.

Jacobs is managing partner of Jacobs Private Equity, LLC, and serves as chairman of the board of XPO (NYSE: XPO), GXO Logistics (NYSE: GXO), and RXO (NYSE: RXO). He is the author of How to Make a Few Billion Dollars.