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QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.

QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.

by Phil Hall | Jun 19, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) has made an unsolicited $5 billion all-cash acquisition proposal to GMS Inc. (NYSE: GMS), a specialty distributor of interior construction products. “Our all-cash proposal to...
Tech Trends: Efficiency Improving Platforms

Tech Trends: Efficiency Improving Platforms

by Phil Hall | Jun 10, 2025 | News/Current Events, Real Estate Agent Tools, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

This week, Tech Trends highlights four platforms designed to improve the lives of homebuyers, real estate agents and roofing professionals. Introducing Visibl. Santa Ana, California-based Visbl, a fintech platform for borrowers seeking mortgages, has announced its...
QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.

QXO Acquires Beacon Roofing Supply for $11 Billion

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, WRE News Exclusive

The Greenwich, Connecticut-headquartered building products distributor QXO Inc. (NYSE: QXO) announced its acquisition of Beacon Roofing Supply Inc. (NASDAQ: BECN) for $11 billion. Founded in 1928, is a leading distributor of roofing, waterproofing and exterior...
Beacon Roofing Supply Enacts Stockholder Rights Agreement to Block QXO Takeover Bid

Beacon Roofing Supply Enacts Stockholder Rights Agreement to Block QXO Takeover Bid

by Phil Hall | Jan 28, 2025 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Beacon Roofing Supply Inc. (NASDAQ: BECN) has adopted a limited duration stockholder rights agreement designed to protect stockholder interests against the unsolicited takeover bid from QXO Inc. (NYSE: QXO). “The Rights Agreement is intended to protect Beacon and its...
QXO Makes $5 Billion Acquisition Bid for Building Products Supplier GMS Inc.

QXO Launches $11 Billion Tender Offer to Acquire Beacon Roofing Supply

by Phil Hall | Jan 27, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Greenwich, Connecticut-headquartered technology solutions provider QXO Inc. (NYSE: QXO) has commenced an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply Inc. (NASDAQ: BECN) for $124.25 per share, for a transaction valued at...
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