QXO, Inc. announced the completion of its acquisition of Beacon Roofing Supply, Inc. for $124.35 per share, valuing the transaction at approximately $11 billion. This acquisition makes QXO the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States. The tender offer for Beacon shares expired on April 28, 2025, with 44,835,447 shares, or approximately 72.06% of outstanding shares, validly tendered.
QXO acquired the remaining shares through a second-step merger, making Beacon a wholly owned subsidiary, and Beacon's shares ceased trading on the Nasdaq Global Select Market. Concurrently, QXO closed its previously announced $830 million equity private placement. Chairman and CEO Brad Jacobs stated that acquiring Beacon is a major step in QXO's strategy to become the leading tech-enabled company in the $800 billion building products distribution industry, aiming to accelerate growth, expand margins, and create an unmatched customer experience.
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