QXO, Inc., a new building products distributor, announced a $3.5 billion private placement, selling 340.9 million shares at $9.14 each and is expecting to close in Q3 2024 with 821.6 million shares outstanding; QXO is listed on the NASDAQ.
The Home Depot, the nation’s largest home improvement retailer, finalized its $18.25 billion acquisition of SRS Distribution, enhancing its position in the building materials industry and expanding its market by an estimated $50 billion.
Beacon announced that Brooke Laizure, owner of Whirlwind Roofing & Construction, won the 2024 North American Female Roofing Professional of the Year, recognizing her dedication to the roofing industry and community empowerment.
Saint-Gobain completed its C$880 million acquisition of The Bailey Group, adding 700 employees and 12 sites in Canada; this is its third major Canadian acquisition in three years.
ABC Supply Co., Inc. raised over $5.2 million for the nonprofit ‘Homes For Our Troops,’ surpassing its $4 million goal with a $1 million match; ninety cents of every dollar donated supports building homes for injured veterans.
US LBM acquired RAKS Building Supply, expanding into central New Mexico; with the acquisition of RAKS, US LBM now operates 12 locations across the state.