Articles Tagged with ''Beacon Building Products''

QXO has extended its offer to purchase Beacon for roughly $11 billion to April 21 after capturing 38% of the issued and outstanding shares.

Efren Arroyo, a nearly 30-year veteran of the roofing business, has joined MuleHide as the territory manager for North and West Texas.

QXO’s $11B acquisition of Beacon aims to transform the roofing supply chain with AI, tech upgrades, and employee-driven insights — promising streamlined operations and growth. What’s next for contractors?

Brad Jacobs’ QXO acquisition of Beacon Building Products marks a turning point for over 8,000 employees, offering a fresh start, financial strength, and new growth opportunities. 

Cliff Johnson, a driver/operator for Beacon, proves that dedication and service transcend job titles, earning him the Roofing Alliance’s 2025 Outstanding Community Involvement award for his personal and professional contributions. 

QXO has tentatively completed its $11 billion acquisition of Beacon, securing 580 branches across North America. The deal aims to modernize operations using AI for improved efficiency and is expected to close in April.

Submissions for Beacon's annual Female Roofing Professional of the Year contest is underway, with nominations accepted through April 18.

QXO has potentially secured an additional $830M in private funding, boosting cash reserves to $6B for its $11B bid to acquire Beacon; the company aims to modernize the $800 billion building-product distribution sector through AI.

Beacon is partnering with Renovate Robotics with the goal of making roofing more efficient and safer by developing a robot that installs asphalt shingles on residential roofs.

Beacon's board of directors has entered into preliminary discussions for QXO to acquire all outstanding Beacon shares at $124.35 per share following months of a hostile takeover threat.