Brad Jacobs leads $1 billion investment in CKX Lands
Jacobs Private Equity II would acquire a majority stake in land manager CKX Lands upon closing; Brad Jacobs would become chairman and CEO.
Brad Jacobs is leading a $1 billion investment into CKX Lands, which his team announced on November 9, 2026. Jacobs Private Equity II and minority co-investors have agreed to invest $900 million and $100 million, respectively. Upon closing, Jacobs Private Equity II will hold a majority stake, and Jacobs will become chairman and CEO of the company.
CKX Lands is a land management company focused on mineral leases, timber and surface land leasing. It was originally incorporated in 1930.
Jacobs said, "I love building multibillion-dollar market leaders, and this $1 billion investment marks the launch of my ninth company." He said he would continue leading QXO, which he launched in 2023 as a building products distributor.
Deal facts
- Target
- CKX Lands
- Business
- Land management company focused on mineral leases, timber and surface land leasing
- Buyer
- Jacobs Private Equity II
- Sponsor
- Jacobs Private Equity
- Deal type
- Platform
- Headquarters
- Lake Charles, Louisiana
- Value
- $1 billion
- Advisers
- Morgan Stanley & Co. LLC financial adviser to Jacobs Private Equity II, LLC
- Paul, Weiss, Rifkind, Wharton & Garrison LLP legal counsel to Jacobs Private Equity II, LLC
- TAP Advisors financial adviser to CKX Lands
- Fishman Haygood legal counsel to CKX Lands
- Status
- Announced
- Announced
- Monday, November 9, 2026
Sources
- GlobeNewswireNov 9, 2026
- Transport TopicsNov 9, 2026
- markets.businessinsider.comNov 9, 2026
- CKX Lands / SECNov 9, 2026
- Yahoo FinanceNov 9, 2026
- National Association of Wholesaler-DistributorsNov 9, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.