Beacon Announces Acquisition of Roofers Supply of Greenville
February 01 2024 - 10:31AM
Business Wire
More locations and increased service for
commercial contractors in the Carolinas
Beacon (Nasdaq: BECN) announced today that it has completed the
acquisition of Roofers Supply of Greenville (“Roofers Supply”)
headquartered in Greenville, SC with two additional branches
located in Charlotte, NC and Raleigh, NC.
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Roofers Supply
Roofers Supply has a more than 40-year history in commercial
roofing throughout the southeast. “We are excited to join the
Beacon team. Our contractors and employees will benefit from
combining our expertise, scope, and size,” commented Chris Causey,
President. “Contractors will continue to have a partner with a
relentless focus on commercial roofing and the value-added services
that help them to build more.”
“This acquisition grows our service geography and design
services in the Carolinas, particularly for commercial roofers.
Chris and the Roofers Supply team deliver unparalleled technical
knowledge, product range and service reliability. We will leverage
this foundation to drive above market growth for our existing and
new customers,” added Munroe Best, Beacon’s Division President,
South.
Beacon completed nine acquisitions in 2023. This is the first
acquisition announced in 2024 as the company continues to drive
above market growth and takes steps to realize its goal of being
the top commercial roofing distributor in North America. The
Company exceeded its Ambition 2025 revenue and shareholder return
targets for 2023 and continues to advance on achieving its full
Ambition 2025 plan.
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly traded
distributor of building products, including roofing materials and
complementary products, such as siding and waterproofing. The
company operates over 530 branches throughout all 50 states in the
U.S. and 6 provinces in Canada. Beacon serves an extensive base of
nearly 100,000 customers, utilizing its vast branch network and
diverse service offerings to provide high-quality products and
support throughout the entire business lifecycle. Beacon offers its
own private label brand, TRI-BUILT®, and has a proprietary digital
account management suite, Beacon PRO+, which allows customers to
manage their businesses online. Beacon’s stock is traded on the
Nasdaq Global Select Market under the ticker symbol BECN. To learn
more about Beacon, please visit www.becn.com.
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INVESTOR CONTACT Binit Sanghvi VP,
Capital Markets and Treasurer Binit.Sanghvi@becn.com
972-369-8005
MEDIA CONTACT Jennifer Lewis VP,
Communications and Corporate Social Responsibility
Jennifer.Lewis@becn.com 571-752-1048
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