Roofing Supplier News

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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.

ABC Supply Co., Inc. raised over $5.2 million for the nonprofit ‘Homes For Our Troops,’ surpassing its $4 million goal with a $1 million match; ninety cents of every dollar donated supports building homes for injured veterans.

US LBM acquired RAKS Building Supply, expanding into central New Mexico; with the acquisition of RAKS, US LBM now operates 12 locations across the state.