From Yahoo Finance: 2025-03-20 10:31:00

Brad Jacobs, known for XPO, RXO, and GXO, has acquired Beacon Roofing Supply for $11 billion through his new company, QXO. Beacon reported $9.8 billion in sales for 2024. The deal followed a hostile takeover attempt and offers a premium of $124.35 per share. Antitrust clearance has been granted in the U.S. and Canada.

QXO’s interest in Beacon was first announced in January, but discussions date back to November. Jacobs has transformed QXO, initially a software company, into a building products juggernaut with $1 billion in new capital. With financing secured, QXO aims to reach $50 billion in revenue. Jacobs sees consolidation in building products as a supply chain opportunity.

The acquisition marks a shift for Jacobs, who remains involved in other ventures. QXO, now on the NYSE, plans to explore adjacent verticals. Financing is secured for the acquisition, including $830 million in private placement agreements. QXO aims to grow quickly to benefit customers and shareholders, targeting $50 billion in revenue annually.

Beacon’s Chairman views the deal as beneficial in an uncertain environment. Analysts are positive about the acquisition, citing QXO’s potential for growth. QXO identifies opportunities for consolidation within the building products industry. Jacobs sees the move as a strategic play in supply chain optimization.

Read more: Brad Jacobs’ QXO has first building products acquisition, as Beacon OKs sale