Beacon Roofing Supply
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About Beacon Roofing Supply
Industries
Industrial & Manufacturing
Consumer Goods
Company Size
N/A
Company Stage
IPO
Headquarters
Herndon, Virginia
Founded
1928
Overview
Simplify's Take
What believers are saying
- Increased demand for sustainable roofing materials drives innovation and growth opportunities.
- Digital transformation in the industry enhances customer experience and streamlines operations.
- Workforce development initiatives attract younger workers and improve advanced roofing technologies.
What critics are saying
- QXO's acquisition strategy could lead to market share loss for Beacon.
- Poison pill provision may lead to shareholder dissatisfaction and legal challenges.
- Integration challenges with Renovate Robotics may affect operational efficiency and customer satisfaction.
What makes Beacon Roofing Supply unique
- Beacon's digital sales expansion enhances customer experience and operational efficiency.
- Partnership with Renovate Robotics positions Beacon at the forefront of roofing innovation.
- Acquisition of Chicago Metal Supply boosts Beacon's metal solutions capabilities in Chicago.
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Funding
Total Funding
$11600M
Above
Industry Average
Funded Over
2 Rounds
Company News
QXO, Inc. (NYSE: QXO) and Beacon Roofing Supply, Inc. (Nasdaq: BECN) today announced that they have entered into a definitive merger agreement under which QX...
QXO will acquire Beacon Roofing Supply for $11 billion, offering $124.35 per share in cash. The deal, approved by both boards, is expected to close by April, pending shareholder approval and other conditions. QXO has secured $5 billion in cash and financing commitments, including $830 million from institutional investors. The acquisition has antitrust clearance in the U.S. and Canada. Morgan Stanley advises QXO, while J.P. Morgan and Lazard advise Beacon.
Beacon announces partnership with Renovate Robotics.
Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced
Beacon (NASDAQ: BECN) rejected QXO, Inc.'s unsolicited proposal to acquire all shares at $124.25 per share, valuing Beacon at approximately $8.3 billion. The Board deemed the offer significantly undervalued the company, citing over 200% shareholder returns in the past five years. Despite attempts to engage QXO with a non-disclosure agreement, QXO refused. Beacon plans an Investor Day on March 13, 2025, to present 2028 targets. J.P. Morgan advises Beacon, with Sidley Austin LLP and Simpson Thacher as legal advisors.
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About Beacon Roofing Supply
Industries
Industrial & Manufacturing
Consumer Goods
Company Size
N/A
Company Stage
IPO
Headquarters
Herndon, Virginia
Founded
1928
There are no jobs for Beacon Roofing Supply right now.
Find jobs on Simplify and start your career today