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December 2016 M&A Roundup: Beacon Continues ‘Aggressive’ M&A

Company following through on CEO's promise to pursue targets.
Eric-Smith-84x84

Beacon Roofing Supply Inc. is living up to the words of President and CEO Paul Isabella, who said on the company's most recent earnings call that it would "remain aggressive on the M&A front."

The company last month acquired roofing distributor BJ Supply, Bristol, PA, its ninth of 2016, highlighting an otherwise quiet month for distribution M&A.

Isabella called fiscal 2016 a "landmark year" that started when the company closed on its acquisition of Roofing Supply Group, Dallas, TX, for $1.1 billion.

This most recent acquisition helps Herndon, VA-based Beacon – No. 4 on MDM's 2016 Market Leaders list for building materials & construction distributors – expand in the Northeast Philadelphia market, which BJ Supply serves.

In other building materials & construction M&A activity, SRS Distribution, McKinney, TX, a roofing distribution holding company, acquired Metro Roofing Supplies, Stamford, CT. Metro Roofing Supplies has five locations in Connecticut and Massachusetts.

Here are other key deals that occurred in December 2016:

Ferguson Acquires Matera Paper

Praxair, Linde Agree to Merge

Air Liquide Weighs Divestment of Welding Division

Linde Korea Acquires Air Liquide Korea Businesses

Ohio Transmission Acquires 2 Companies

Curbell Plastics Acquires Cal Plastics and Metals

Maroon Group Acquires Cadence Chemical

Rocket Seals Acquired by Private Equity Firm

Richards Supply Acquires Manske Material Handling

Staples Agrees to Sell European Operations

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