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Gladstone Place Partners represents QXO Inc. as the nation’s biggest publicly traded distributor of specialty building products launches a $5B takeover offer for Gypsum Management & Supply, which uses Joele Frank for strategic communications matters.
QXO says its $95.20 per-share offer represents a 27 percent premium over GMS's 60-day average trading price.
The all-cash offer delivers an immediate and certain value to GMS shareholders at a meaningful premium, said Brad Jacobs, CEO of QXO.
In his letter to GMS CEO John Turner, Jacobs warned: “We don’t play games.” He threatened to take the offer directly to GMS stockholders, if Turner fails to engage with QXO by June 24 or “engages in an unconstructive manner.”
GMS, which operates 320 building supply distribution centers, has confirmed that it received QXO’s unsolicited bid and promises to review the offer.
Meanwhile Home Depot reportedly may make an offer for GMS, which registered $5.5B revenues and $115M profit for fiscal 2025 ended April.
Gladstone Place Partners’ Steve Lipin and Lauren Odell represent QXO, while Joele Frank, Wilkinson Brimmer Katcher has Matt Sherman and Leigh Parrish working for GMS.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
