Building Products Distributor QXO Acquires Beacon Roofing Supply for $11B

eCommerce
Written By Rick Watson

QXO is the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States.

Beacon Roofing Supply, Inc. is an American publicly traded company which sells residential and non-residential roofing products, as well as related building products in North America.

Building products distributor QXO has announced that it has acquired the remaining shares of Beacon Roofing Supply at $124.35 per share, valuing the company at $7.7 billion or $11 billion, including debts. At the closure of this transaction, QXO will become the largest publicly traded distributor of roofing, waterproofing, and complementary building products. This deal has been a saga that has taken months, but it provides GXO with Beacon's expansive network of branches across the US and Canada, as Beacon Roofing becomes a wholly owned subsidiary of GXO. Is this the beginning of an arms race in the B2B building supply sector?

Digital Commerce 360: QXO’s $11 billion Beacon deal signals a new era for B2B ecommerce

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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