More locations and increased service for commercial contractors in the Carolinas

Company Website: https://becn.com
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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240131049790/en/

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240131049790/en/

Contacts:

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