Beacon Announces Acquisition of Roofers Supply of Greenville
Beacon (Nasdaq: BECN) has completed the acquisition of Roofers Supply of Greenville, expanding its service geography and design services in the Carolinas. The acquisition aims to drive above market growth for existing and new customers, as Beacon continues to pursue its goal of becoming the top commercial roofing distributor in North America. The company exceeded its revenue and shareholder return targets for 2023 and is making strides towards achieving its Ambition 2025 plan.
02/01/2024 - 11:31 AM
More locations and increased service for commercial contractors in the Carolinas
HERNDON, Va. --(BUSINESS WIRE)--
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
Source: Beacon
What is the ticker symbol for Beacon?
The ticker symbol for Beacon is BECN.
What is the recent acquisition announced by Beacon?
Beacon has completed the acquisition of Roofers Supply of Greenville, with additional branches in Charlotte, NC and Raleigh, NC.
How many acquisitions did Beacon complete in 2023?
Beacon completed nine acquisitions in 2023.
What are Beacon's goals for the future?
Beacon aims to become the top commercial roofing distributor in North America and is working towards its Ambition 2025 plan.
Beacon Roofing Supply Inc
BECN Rankings
#813 Ranked by Stock Gains
BECN Stock Data
Industry
Roofing, Siding, and Insulation Material Merchant Wholesalers
Sector
Wholesale Trade
Tags
Distribution Services, Wholesale Distributors, Wholesale Trade, Roofing, Siding, and Insulation Material Merchant Wholesalers
Country
US
City
Herndon
About BECN
beacon roofing supply, inc. is one of the largest distributors of residential and non-residential roofing and complementary building products in north america. the geographic footprint includes 359 locations in 45 states and 6 canadian provinces with more than 4,000 employees. we are known throughout the building supply industry for having quality people, quality service and quality building products. quick facts: - north america's largest publicly traded roofing distributor - 359 locations - stores in 45 us states and 6 canadian provinces - a fortune 1000 company - traded on the nasdaq stock exchange under the symbol becn interested in a career with beacon roofing supply, inc? be sure to stop by the careers section of our corporate website! http://www.beaconroofingsupply.com/careers.html regional brands: - alabama roofing supply - all weather products - beacon roofing supply canada company - beacon sales - best distributing - cassady pierce - coastal metal service