Simpson Thacher is advising Beacon Roofing Supply, Inc. (“Beacon”) in connection with its announced acquisition by QXO, Inc. for $124.35 per share in cash, which values Beacon at approximately $11 billion, including all outstanding debt. The transaction is subject to a majority of Beacon shares tendering in the offer and other customary closing conditions.
Beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the U.S. and Canada.
The Simpson Thacher team includes Eric Swedenburg, Katherine Krause, Lee Meyerson, Louis Argentieri, Felicity Bell, Kimberly Guo and Susan Murley (M&A); Gillian Emmett Moldowan, Courtney Thomson and Taylor Todd (Executive Compensation and Employee Benefits); Katherine Reaves, Jule Walsh and In Young Kim (Credit); Hui Lin (Capital Markets); Jonathan Goldstein and George Rhein (Tax); Ron Ben-Yehuda (IP); and Karen Kazmerzak, Kelly Karapetyan and Allison Davido (Antitrust).