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QXO Seals $11 Billion Deal to Acquire Beacon Roofing Supply in Major Industry Move

Investopedia

In a significant development, technology solutions firm QXO has successfully negotiated a deal to acquire Beacon Roofing Supply for a staggering $11 billion. After initial attempts were met with resistance, the two companies have finally reached an agreement, marking a major milestone in the industry. This strategic acquisition is expected to boost QXO's presence in the market, leveraging Beacon Roofing Supply's extensive distribution network and expertise in roofing supplies. With this deal, QXO is poised to strengthen its position as a leading player in the technology and construction sectors, driving growth and innovation in the industry. Key terms of the agreement are set to be finalized in the coming weeks.