BBeacon Roofing Supply distributes roofing materials and related building products across North America through a wide network of branches. It buys products from many manufacturers and uses its logistics network to deliver them to job sites, with digital tools like Beacon PRO+ that let customers manage orders and track deliveries online. The company differentiates itself through its large scale for favorable supplier terms, a comprehensive one-stop catalog, and integrated digital platforms that enhance convenience and efficiency. Its goal is to be a reliable, leading source for roofing and building materials that simplifies procurement and helps projects run smoothly.
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Industries
Company Size
N/A
Company Stage
Acquired
Total Funding
$600M
Headquarters
Herndon, VA
Founded
1928
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Total Funding
$600M
Above
Industry Average
Funded Over
2 Rounds
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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Industries
Company Size
N/A
Company Stage
Acquired
Total Funding
$600M
Headquarters
Herndon, VA
Founded
1928
Find jobs on Simplify and start your career today
We update Beacon Roofing Supply's jobs every few hours, so check again soon!Browse all jobs