Tracy Alloway

Like this company, so it stocked now with the premium that's baked in today, trading at 484.

This was a $43 stock as recently as 2018.

America's incredible.

Like these companies that sort of fly under most people's radars can just do, you don't have to be in the NVIDIAs of the world to make a lot of money.

Well, I agree with that.

You have to have a service or a product that there's demand for, and you've got to give a great customer experience.

And if you have those two things, you'll make a lot of money.

All right.

So walk us through the rationale for doing this, because again, like a huge deal, and it seems to have caught a few people off guard.

They were expecting you to maybe buy some smaller companies, keep the roll-up strategy going.

But again, this one is very large.

Oh, yeah.

So-

The acquisition of Beacon, following the acquisition of Kodiak, which is followed now by the acquisition of Top Build, takes us from 11 months ago, where we had no building products revenue, let alone EBITDA, to the second largest publicly traded building products distributor in North America.

with more than $18 billion in combined company revenue and more than $2 billion of combined adjusted EBITDA.

It's a big deal.

It's a big deal in the industry.

It's a big deal in the market as a whole.

It's very creative to our earnings, meaningfully creative to our earnings.

And when you look at the multiples, that's reasonable multiples.