M&A · Industrials · Wholesale-Lumber & Other Construction Materials
QXO, Inc. to acquire Beacon Roofing Supply Inc
Announced Mar 20, 2025 · Closed Apr 29, 2025
Deal value$11.00BEV $10.23B
Premium—To unaffected price
EV / Adj. EBITDA11.3x1.0x EV / Revenue
ConsiderationAll cash$124.35 per share
Transaction
- Acquirer
- QXO, Inc. (QXO)
- Target
- Beacon Roofing Supply Inc (BECN)
- Buyer type
- Strategic
- Offer price per share
- $124.35
- Enterprise value
- $10.23B
- Status
- Closed Apr 29, 2025
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Morgan Stanley, Goldman Sachs, Citigroup, Centerview, Credit Agricole, Wells Fargo, Mizuho
- To the target
- JPMorgan, Lazard
Sector context · Industrials
- Comparable deals
- 87 in the prior 24 months
- Premium
- Sector median 38.0%
- EV / Adj. EBITDA
- 11.3x vs. 9.1x sector median
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedMar 20, 2025
- ClosedApr 29, 2025