QXO completed the acquisition of Beacon Roofing Supply for $11bn.

QXO, a software company, completed the acquisition of Beacon Roofing Supply, a distributor of commercial and residential roofing products, for $11bn. “Acquiring Beacon is a major step forward in our strategy to make QXO the leading tech-enabled company in the $800 billion building products distribution industry. We’re excited to welcome Beacon’s talented team and, together, apply our proven playbook to accelerate growth, expand margins, and create an unmatched customer experience,” Brad Jacobs, QXO Chairman and CEO.