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- QXO to Acquire Beacon Roofing Supply in $11B Deal
QXO to Acquire Beacon Roofing Supply in $11B Deal
Slice of Real Estate Team
March 27, 2025
Key Highlights:
QXO to acquire Beacon for $124.35 per share in cash, valuing the deal at $11 billion.
Beacon operates nearly 600 branches across the U.S. and Canada.
The acquisition has received U.S. and Canadian antitrust clearance.
Transaction expected to close by April 2025, subject to shareholder approval.
QXO secures $5 billion in cash and financing for the purchase.
Source: Business Wire
Notable Quotes:
"Acquiring Beacon is a key milestone in our plan to create substantial shareholder value and establish QXO as a leader in the $800 billion building products distribution industry."
"After evaluating strategic alternatives, we concluded that this transaction offers the best value and certainty for our shareholders."
"Beacon has successfully transformed its business, and we are excited for the next chapter of growth with QXO."
Why This Matters:
This acquisition solidifies QXO's expansion into the $800 billion building products distribution industry, positioning it as a key player with significant growth potential. Beacon, a market leader in roofing and building materials, brings a vast network and strong financial performance to QXO. With antitrust clearance secured and financing in place, the deal is set to reshape the industry, providing immediate value to shareholders and long-term growth opportunities.