Wilbur Ross: Get used to Donald Trump

Wilbur Ross: Get used to Donald Trump
Wilbur Ross on markets
WL Ross acquires Nexeo for $1.575B

Billionaire distressed asset investor Wilbur Ross said Monday the country should get used to Donald Trump.

Ross, who previously supported former Florida Gov. Jeb Bush, was asked Monday if he would vote for Trump.

"Yeah, I believe in the two-party system," he replied in the CNBC "Squawk Box" interview. "And I think if you believe in [the] two-party system, you should vote for the nominee."

"I also think you're going to see a different Donald if and when he becomes the nominee," Ross said.

Trump has polarized voters with controversial statements, but Ross, who knows him personally, said comparisons of the candidate to dictators such as Adolf Hitler were "a little bit silly."

Ross said he is sufficiently at ease with current market conditions to put money to work.

"We feel comfortable enough that we're doing a very large transaction, so I think that speaks for itself," he said.

WL Ross Holdings said Monday it would buy chemicals and plastics distributor Nexeo Solutions Holdings from private-equity firm TPG in a cash-and-stock deal valued at $1.67 billion.

The deal involves up to 35 million shares of WL Ross common stock and $1.3 billion in cash and debt.

TPG will retain about 35 percent stake in Nexeo.

— Reuters contributed to this story.