Roofing Supplier News

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Goldman Sachs increased its Beacon Roofing Supply shares by 11.6% in Q4, owning 602,287 shares worth $52.4M. Despite a "hold" rating from StockNews.com, other investors and analysts remain confident.

IKO announced the expansion of its New York footprint by appointing BEST for NYC and MPDL Roofing for upstate New York as exclusive independent sales agencies.  

QXO, Inc., a new building products distributor, announced a $3.5 billion private placement, selling 340.9 million shares at $9.14 each and is expecting to close in Q3 2024 with 821.6 million shares outstanding; QXO is listed on the NASDAQ.

Owens Corning was one of 27 finalists for the award chosen from a pool of applicants from across the country.

The Home Depot, the nation’s largest home improvement retailer, finalized its $18.25 billion acquisition of SRS Distribution, enhancing its position in the building materials industry and expanding its market by an estimated $50 billion. 

Martinez will oversee Mule-Hide Product Co. Inc.'s national portfolio of coatings, caulks, sealants and asphaltic products.

Beacon announced that Brooke Laizure, owner of Whirlwind Roofing & Construction, won the 2024 North American Female Roofing Professional of the Year, recognizing her dedication to the roofing industry and community empowerment.

The combined entities of Gulfeagle Supply and Elite Roofing Supply will now operate more than 140 branches nationwide.

With the acquisition, Custom Builder Supply will continue to operate under its established name in the Virginia building supply market.

Saint-Gobain completed its C$880 million acquisition of The Bailey Group, adding 700 employees and 12 sites in Canada; this is its third major Canadian acquisition in three years.