QXO Inc. (NYSE: QXO), Greenwich, Conn., and Beacon Roofing Supply Inc. (Nasdaq: BECN), Herndon, Va., confirmed today that they are in discussions about a potential combination in which QXO would acquire Beacon for $124.35 per share in cash, or a total consideration of about $11 billion.
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QXO has started due diligence on Beacon, and QXO and Beacon are negotiating an agreement. Beacon is postponing its Investor Day, which had been scheduled for March 13, 2025.
QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. QXO plans to become a “tech-forward leader in the $800 billion building products distribution industry.” The company is targeting tens of billions of dollars of annual revenue in the next decade through acquisitions and organic growth.
Beacon distributes specialty building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 580 branches throughout 50 states in the U.S. and 7 provinces in Canada.
