QXO Completes Acquisition of Beacon Roofing Supply

QXO, Inc. announced it has completed its previously disclosed acquisition of Beacon Roofing Supply, Inc., for $124.35 per share, valuing the transaction at approximately $11 billion. The transaction makes QXO the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States. To mark the milestone, QXO will ring the Opening Bell at the New York Stock Exchange April 30.

“Acquiring Beacon is a major step forward in our strategy to make QXO the leading tech-enabled company in the $800 billion building products distribution industry,” said Brad Jacobs, chairman and chief executive officer of QXO. “We’re excited to welcome Beacon’s talented team and, together, apply our proven playbook to accelerate growth, expand margins, and create an unmatched customer experience.”

With the acquisition complete, Beacon is now a wholly owned subsidiary of QXO, and its shares ceased trading on the Nasdaq Global Select Market before the opening of the market on April 29, 2025. According to QXO spokesman Joe Checkler, this is QXO’s first major milestone in creating a $50 billion leader in the building products distribution industry, and the company is expected to host a town hall for the new QXO team as part of the transition.

In conjunction with the acquisition’s completion, QXO has also closed its previously announced $830 million equity private placement.