QXO acquires Beacon Roofing Supply for $11 billion, becoming largest roofing products distributor in U.S.

From Nasdaq: 2025-04-29 18:34:00

QXO, Inc. completes acquisition of Beacon Roofing Supply for $11 billion, making it the largest distributor of roofing products in the U.S. The deal values Beacon at $124.35 per share, with 72.06% of shares tendered. QXO plans to dominate the $800 billion building products distribution market using a tech-driven approach. Beacon is now a wholly owned subsidiary of QXO, with shares delisted from the Nasdaq. QXO closed at $13.23 on Tuesday, down 1.42%, and is currently trading at $13.30 in after-hours on the NYSE.



Read more at Nasdaq: QXO Finalizes $11 Bln Beacon Acquisition