QXO Archives

QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline

Building Materials/Construction, Featured Blog, Featured Premium, Mergers & Acquisitions / Mike Hockett

Along with its time-sensitive proposal, the building materials distribution platform went into great detail giving a rundown of talks with Beacon since they started this past summer.

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly, MDM Premium Subscription – Annually, MDM Premium Subscription, MDM Premium Subscription, April 2025 Premium Monthly Report, MDM 1Q25 M&A Report, MDM 2Q 2024 M&A Report, MDM 3Q 2024 M&A Report, January 2025 Premium Monthly Report or MDM 1Q25 MarketPulse Report.

QXO Puts Ball in Beacon’s Court for Deal, Provides Communication Timeline Read More »

QXO Commences $11B Takeover Bid for Beacon

Leave a Comment / Building Materials/Construction, Mergers & Acquisitions, News / MDM Staff

Beacon acknowledged the tender offer and recommended that shareholders take no action at this time.

QXO Commences $11B Takeover Bid for Beacon Read More »

Beacon May Garner Interest from Others, Including Lowe’s

Building Materials/Construction, Contractor, Featured Blog, Featured Premium, Mergers & Acquisitions / Mike Hockett

New investment bank analyst commentary suggests QXO will have to increase its current bid for Beacon to fend off alternative suitors, but others say additional offers are unlikely.

Beacon May Garner Interest from Others, Including Lowe’s Read More »

QXO Readies Proxy Fight for Beacon, Issues Open Letter to Chairman

Leave a Comment / Building Materials/Construction, Featured Blog, Mergers & Acquisitions, News / Mike Hockett

The letter shares full details of QXO’s offer and claims Beacon has intentionally taken actions to “frustrate a transaction.” Beacon responds.

QXO Readies Proxy Fight for Beacon, Issues Open Letter to Chairman Read More »

QXO to Begin Trading on NYSE Jan. 17

Leave a Comment / Building Materials/Construction, Finance, News / MDM Staff

QXO said it plans to transfer its stock listing, aiming to create a tech-forward leader in the building products distribution industry.

QXO to Begin Trading on NYSE Jan. 17 Read More »

Report: QXO Offers to Buy Beacon

Leave a Comment / Building Materials/Construction, Featured Blog, Mergers & Acquisitions, News / MDM Staff

Beacon reported 2023 revenue of $9.3 billion, and its share price is up 14% year-to-date.

Report: QXO Offers to Buy Beacon Read More »

QXO Adds Former Target Exec as Chief AI Officer

Leave a Comment / Building Materials/Construction, News, Staffing Changes, Technology / MDM Staff

The new executive will build the company’s AI function, which will impact route optimization, robotics and automation.

QXO Adds Former Target Exec as Chief AI Officer Read More »

Report: Rexel Turns Down $9.4B Offer from QXO

Leave a Comment / Building Materials/Construction, Featured Main, Mergers & Acquisitions / MDM Staff

QXO’s bid for Rexel, a top electrical distributor in North America, was rejected as undervaluing the company’s potential.

Report: Rexel Turns Down $9.4B Offer from QXO Read More »

MDM’s August Premium Monthly Issue Now Available

Leave a Comment / Featured Blog, MDM Blog / MDM Staff

Now available to Premium members and in the MDM Store, the issue contains the most articles we’ve packed into an issue in several years.

MDM’s August Premium Monthly Issue Now Available Read More »

Exclusive: New Details Emerge on QXO’s Go-to-Market Plans

AI, Building Materials/Construction, Construction, Featured Blog, Mergers & Acquisitions, Strategy / Mike Hockett

Through a new report and an interview with someone close to QXO, MDM gleaned insights about which building materials verticals the splash-making distributor is targeting.

Exclusive: New Details Emerge on QXO’s Go-to-Market Plans Read More »

QXO’s War Chest Up to $5B After Another Private Placement

Leave a Comment / Building Materials/Construction, Finance, News / MDM Staff

QXO’s latest private placement funding includes $150 million from Jared Kushner’s Affinity Partners.

QXO’s War Chest Up to $5B After Another Private Placement Read More »

QXO Nets $3.5B in Post-Launch Private Placement

Leave a Comment / Building Materials/Construction / Vesna Brajkovic

Investors of the new publicly-traded building materials distributor QXO include long-time XPO shareholders.

QXO Nets $3.5B in Post-Launch Private Placement Read More »

QXO Finalizes Leadership Team, Launches Investment

Leave a Comment / Building Materials/Construction, Staffing Changes / Vesna Brajkovic

In his official entrance into building products distribution, serial entrepreneur Brad Jacobs taps XPO, GXO leaders for exec posts of QXO.

QXO Finalizes Leadership Team, Launches Investment Read More »

Building Materials Distributor QXO Appoints CFO

Leave a Comment / Building Materials/Construction, News, Staffing Changes / MDM Staff

Formed in 2023 as a new publicly traded distributor with major aspirations, QXO now has its financial leader.

Building Materials Distributor QXO Appoints CFO Read More »

MDM Podcast: A Home Depot-SRS Megadeal Breakdown

Leave a Comment / Building Materials/Construction, Construction, Contractor, Featured Blog, Perspective / Mike Hockett

Mike Hockett and Craig Webb break down the key details of the combination, why it makes sense for Home Depot and why this was likely the long-term play for SRS all along.

MDM Podcast: A Home Depot-SRS Megadeal Breakdown Read More »

What SRS Distribution Does for Home Depot, and Some Remaining Questions

Building Materials/Construction, Construction, Contractor, Featured Blog, Featured Premium, Mergers & Acquisitions / Mike Hockett

Mike Hockett analyzes different angles of this $18.25 billion megadeal in building materials distribution and the questions it raises for the markets it touches.