GMS Inc. Confirms Receipt of Unsolicited Proposal From QXO, Inc.

GMS Inc. Confirms Receipt of Unsolicited Proposal from QXO, Inc.

TUCKER, Ga.--(BUSINESS WIRE)--Jun 19, 2025-

QXO Offers to Buy Building Materials Company GMS for $5 Billion

QXO Inc. said it sent a letter to GMS Inc. proposing to buy the building products distributor for about $5 billion.

QXO eyes GMS for acquisition

Another multi-billion-dollar deal in the works for Brad Jacobs.

QXO Proposes $5 Billion Acquisition of GMS

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QXO Makes $5B Bid for Another Building Materials Distributor

The company again said that it is prepared to mount a hostile takeover effort.

QXO Proposes to Acquire GMS

QXO, Inc. sent a proposal to the President and CEO of GMS Inc. to acquire all outstanding shares of GMS for $95.20 per share in cash. The proposal implies a total transaction value of approximately $5 billion.