May 28 (Reuters) - Building products distribution

company QXO has hired Barclays ( JJCTF ) banker Ihsan Essaid as its chief

financial officer, billionaire Brad Jacobs' investment firm

Jacobs Private Equity II said on Tuesday.

Essaid, who has more than three decades of experience in

investment banking, has worked with Barclays ( JJCTF ) since 2021 and most

recently served as the global head of mergers and acquisitions

(M&A).

Prior to his stint at Barclays ( JJCTF ), Essaid served as the

managing director of media and telecom M&A at Credit Suisse and

a partner at Perella Weinberg Partners.

"Ihsan is a heavy hitter in the M&A world with an

exceptional track record," Brad Jacobs said.

Jacobs, who founded trucking firm XPO, last year

announced his intention to enter the building products

distribution industry through a $1 billion investment in

SilverSun Technologies ( SSNT ) from Jacobs Private Equity II

and other co-investors, including Sequoia Heritage.

SilverSun ( SSNT ), a software company, will be renamed as QXO once

the investment is completed in 2024, with Jacobs becoming the

new venture's chairman and CEO.