Ready to Move Fast
QXO says it has secured financial backing for the acquisition and does not expect regulatory or antitrust issues to stand in the way. The company asked for a response from GMS by Tuesday, stating that it is prepared to complete due diligence and negotiate a deal within two weeks.
“We don’t play games — we’re straightforward and we move fast,” the letter read. “Our team and our advisors are standing by.”
Part of a Bigger Acquisition Strategy
The GMS bid follows QXO’s recent acquisition of Beacon Roofing Supply Inc., which closed in April. In that case, Beacon’s board initially rejected QXO’s overtures before unanimously recommending the finalized deal to shareholders.
With QXO’s reputation for aggressive deal-making and its track record of fast execution, this latest move could be a defining shake-up in the competitive landscape of the building materials and distribution sector.
