Sources say the roofing distribution giant is pursuing multiple deal opportunities as analysts see the Apollo-backed capital raise as a signal that a major transaction could be near.
Fresh off a $1.2 billion Apollo-led investment, QXO is already in talks on another significant acquisition—and pursuing seven additional targets across multiple deal sizes.
The building products distributor secured a convertible preferred stock commitment through mid-2026, strengthening its balance sheet as it accelerates M&A growth.
From billion-dollar contractors and industry-shaping acquisitions to federal investigations, immigration enforcement, and shifting material debates, Roofing Contractor readers were drawn in 2025 to stories that reflected both the scale and the uncertainty of today’s roofing industry.
QXO’s $11 billion acquisition of Beacon dominated 2025 distribution news. Here’s a look back at the five most-read stories tracking the deal and its ripple effects.
Part of the Amrize family of brands, Elevate said Holly will lead continued growth and innovation across its commercial roofing portfolio, bringing deep expertise in manufacturing, distribution, and operational excellence.
Brad Jacobs, chairman and CEO of QXO Inc., said he will step down as chairman of the boards at XPO Inc. and GXO Logistics Inc. effective Dec. 31, 2025, as he shifts more of his focus to growing QXO and Jacobs Private Equity.
The rapid development and adoption of AI in the roofing industry are drastically changing how companies operate. Learn how distributors are effectively using AI and why adopting it is essential to stay competitive.