This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Latest In QXO
It’s the second-largest purchase price we’ve ever seen in the market behind Home Depot’s $18 billion SRS deal and caps a remarkable 12-month span of aggressive growth for QXO.
Formerly known as the Vinyl Siding Institute, the group is expanding its membership to include distributors to foster “boots-on-the-ground” partnership with manufacturers and other industry stakeholders.
The offering was in response to investment demand following $3 billion raised earlier this month in two private placement rounds.
Following a $1.2 equity commitment announced a week earlier, the financing suggests QXO expects to land its second acquisition soon.
A person familiar with the deal told MDM that QXO is in talks with seven companies with between $1 billion and $20 billion in revenue. Get the details here.
Comprised essentially entirely of legacy Beacon, top-line sales narrowly trailed those of a year earlier, while adjusted EBITDA margin improved sequentially.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
QXO issued its first quarterly financial results since its $11 billion acquisition of Beacon at the end of April, with all key metrics topping analyst forecasts.
QXO has appointed a new chief procurement officer who had spent the past eight years leading Walmart's international spend management.
QXO appointed a new Chief Information Officer, effective July 14, bringing a decade of senior technology leadership from Kraft Heinz.
Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.
A trio of prominent financial services firms provided aggressive price targets for QXO when initiating their analyst coverage. See where they're expecting that stock to go to, and what's driving their outlook for it.
A partnership with Roofr enables contractor customers to get live material pricing and material ordering directly from QXO’s digital ecosystem.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
QXO and Beacon frequented MDM's headlines during the first five months of 2025, culminating with QXO's $11 billion purchase of the distributor. With the landmark deal now completed, Craig Webb and Mike Hockett analyze how it happened and what it means for the building materials sector as just the first big move in QXO’s ambitious, acquisitive growth strategy.
The landmark acquisition cements QXO's presence as a major building materials distributor, and it's just getting started.
QXO issued a separate release extending its all-cash tender offer to acquire outstanding shares to April 28.
QXO announced a public stock offer to support its planned acquisition of Beacon Roofing Supply as part of its broader growth strategy.
QXO appointed a new Chief Technology Officer, effective April 21, bringing experience from top tech companies.
