Beacon Roofing Supply has agreed to an $11 billion buyout offer from billionaire Brad Jacobs' firm QXO, weeks after it rejected a marginally lower bid from the company and raised its defenses to prevent a hostile takeover.

The agreement between QXO and Hernon, Virginia-based Beacon Roofing Supply, which describes itself as the “largest publicly traded distributor of roofing materials and complementary building products” in the U.S. and Canada, culminates QXO’s months-long pursuit.

Building-products distributor QXO has signed a deal for Beacon Roofing Supply after months of trying to clinch an agreement, executives told The Wall Street Journal. QXO has agreed to pay $124.35 a share for the roofing- and building-products distributor,