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Industry News
QXO upsizes convertible preferred equity placement to $3 billion
Apollo and Temasek lead expanded capital commitment to fund future acquisitions. QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced a $1.8 billion increase to its previously announced $1.2 billion financing led by funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”), bringing the total investment in ...
NRCA encourages roofing professionals to complete latest Quarterly Market Index Survey for Reroofing
The survey is an industrywide effort to collect information about the reroofing market spearheaded by a coalition of trade associations. The National Roofing Contractors Association encourages roofing professionals to join industry trade associations representing contractors, consultants and manufacturers in the U.S. and Canada in taking part in the latest Quarterly Market ...
SOPREMA U.S. completes TRP brand integration
SOPREMA U.S. completes brand integration of coatings and roof maintenance line. SOPREMA U.S. has officially completed the integration of Tropical Roofing Products (TRP) into the SOPREMA brand. Customers will begin seeing SOPREMA-branded packaging across the full coatings and roof maintenance product line, with the product performance and reliability they’ve trusted for ...
Two leading Northern Georgia roofing contractors merge to form BDI Roofing Group
BDI Roofing Group brings together Bone Dry Roofing, based in Athens, Georgia, and Innovative Roofing Group (IRG), based in Atlanta. Roofing Corp of America, the home for America’s premier roofing contractors, has announced the merger of two of its North Georgia companies. The new combined organization — BDI Roofing Group — ...
QXO announces $1.2 billion convertible preferred equity investment led by Apollo to fund future acquisitions
The investment further strengthens QXO’s financial flexibility in pursuing acquisition opportunities. QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced that funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) and certain other investors have agreed to invest $1.2 billion in QXO through a new series of ...
Finalist teams announced for Roofing Alliance 12th annual Student Competition
Roofing professionals are invited to watch the four teams compete during the International Roofing Expo® this January in Las Vegas. The Roofing Alliance has announced the four finalist teams selected to compete in its 12th Annual Construction Management Student Competition. The teams will present their project proposals live during the ...
Nebraska to face No. 15 Utah in 2025 SRS Distribution Las Vegas Bowl
Cornhuskers and Utes to meet for first time in 33 years. The SRS Distribution Las Vegas Bowl will feature No. 15 Utah (10-2/7-2) facing Nebraska (7-5/4-5) on Wednesday, Dec. 31, at Allegiant Stadium. Kickoff is set for 12:30 p.m. PT (3:30 p.m. ET) on ESPN. A frequent visitor to Las Vegas, the ...
Tackling tax code with Will Lorenz
By Emma Peterson. Diving into the changes made to Section 179 as outlined in the Internal Revenue Service’s Publication 946. In 2024, the Internal Revenue Service (IRS) published a document (946) titled “How To Depreciate Property.” The publication is important to note as it has a direct impact on roofing ...
Eagleview’s inaugural AI Impact and Adoption Report unveils the state of AI in geospatial workflows
The report reveals optimism, early adoption and growing investment in AI for the geospatial community. Eagleview, a leading provider of aerial imagery and intelligence, announces the release of its inaugural AI Impact and Adoption Report, a comprehensive look at how professionals are approaching artificial intelligence in their geospatial workflows across a ...
Sika opens new highly automated admixture production plant in Haines City, Florida
Sika, the global leader in innovative solutions for bonding, sealing, damping, reinforcing and protecting in the building and automotive industries, has opened new state-of-the-art plant in Haines City, Florida. The plant will produce high-performance superplasticizers for concrete, serving customers across Florida and the Southeastern United States fulfilling, the highest requirements ...
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