M&A
confidence high
sentiment positive
materiality 0.95
QXO completes $11B acquisition of Beacon Roofing Supply for $124.35/share
QXO, Inc.
- QXO acquired Beacon Roofing Supply for $124.35 per share, total equity value ~$11B.
- Financing includes $2.25B 6.75% Senior Secured Notes due 2032, $2.25B Term Loan, and $400M ABL Facility.
- QXO becomes the largest publicly traded distributor of roofing and building products in the U.S.
- Tender offer accepted ~72% of shares; remaining shares converted at same price via merger under DGCL 251(h).
- Beacon renamed QXO Building Products, Inc., wholly owned subsidiary.