QXO, a building products distributor, offered to buy Beacon Roofing Supply, with the latter's market value currently at some $6.2 billion, The Wall Street Journal reported on Monday citing sources with knowledge on the matter.
While the exact price wasn't revealed, the sources mentioned that an agreement could be reached by the end of 2024. Nonetheless, there is also a possibility of the negotiations falling through.
QXO, headquartered in Greenwich, Connecticut, is led by Brad Jacobs, who has bought some 500 companies over the years, creating billion-dollar businesses in various industries.
