Items Tagged with 'mergers and acquisitions in roofing'

QXO increases pressure on Beacon's board of directors as the takeover deadline nears, offering a 37% premium; Beacon remains opposed, but with no competing bids, shareholders may decide the company's future.

US LBM acquired Michigan-based Goodrich Bros., expanding its millwork and manufacturing capabilities. 

Beacon's board submitted a unanimous recommendation to its shareholders to reject QXO's offer to acquire all outstanding shares at $124.25 per share in cash.

US LBM enters Tennessee by acquiring Walker Lumber & Supply, a 75-year-old distributor. The current leadership will remain in place. 

Beacon Building Supply adopted a 'poison pill' defense after QXO took its $11B offer directly to shareholders; the move by Beacon allows shareholders to dilute QXO’s stake if it acquires 15% or more. Discover the latest moves.

Astara Capital Partners formed Unified Service Partners, a newly formed roofing platform that has invested in Level Roofing, Envision Roofing and Pappas Roofing, and is poised for nationwide growth.

Boyne Capital’s Pinnacle Home Improvement Group expanded into Florida, acquiring FAS Windows & Doors and Lindholm Roofing, adding to its locations across five Southeastern states.

QXO set a Feb. 24 deadline for its $124.25/share bid for Beacon, but analysts value BECN at $130–$136, suggesting upside potential. A higher offer or strategic alternatives may better serve shareholders.

Skyline Roofing Partners names Mike Midgett as CEO, joining founder Dan Reed to drive growth and establish partnerships in the residential roofing and exterior services sector.

QXO, Inc.'s $11B offer to acquire Beacon was rejected as “undervalued.” The high-stakes bid could reshape the building materials sector with a looming proxy fight possible. Who will prevail in this corporate chess match?