QXO

QXO, Inc. announced that five trailblazing women have been named finalists in the 2025 North American Female Roofing Professional of the Year program.

The transaction makes QXO the largest publicly traded distributor of roofing, waterproofing, and complementary building products in the United States.

Liborski most recently served as chief technology officer for Yahoo, and prior to that as chief technology officer for HelloFresh.

The boards of directors of both companies have unanimously approved the transaction, which values Beacon at approximately $11 billion, including all its outstanding debt.

QXO is engaging in customary due diligence regarding Beacon’s business, and QXO and Beacon are negotiating a definitive agreement.

The proposal implies a total transaction value of approximately $11 billion and a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.02.

Rao began his career on Wall Street, as a derivatives trading quant strategist with Goldman Sachs and later as managing director of market modeling for Morgan Stanley.

Following the closing, QXO will have approximately 409.4 million outstanding shares of common stock.

Chairman and CEO Brad Jacobs has previously said he plans to build QXO into a $50 billion revenue company over the next decade.

In connection with the closing of the equity investment, Brad Jacobs became QXO’s chairman and chief executive officer and will lead the company in the $800 billion building products distribution industry.