Beacon continues expanding rapidly, with three more branches now open to serve residential and commercial roofing contractors.
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Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
Beacon will grow its service geography and design services for commercial roofers in the Carolinas with its first acquisition of 2024.
In 2023, roofing and other building supplies distributor Beacon opened 28 locations and acquired 21 branches through nine transactions.
The company's VP of Strategy and Transformation takes on interim CFO duties while Beacon conducts an external search for a permanent CFO.
Phil Lonegro has been Beacon's CFO since April 2020.
Beacon has expanded its branch footprint through nine acquisitions and the opening of 19 new greenfield locations this year.
Construction and building materials distributor Beacon opened three new locations to serve contractors and lumberyards.
Massachusetts-based distributor Garvin Construction Products joins Beacon's growing waterproofing division.
In 2023, Beacon has expanded its branch footprint through the completion of seven acquisitions and 14 new greenfield locations.
Beacon's increase in sales was driven by higher prices and the contributions of acquired and newly opened branches in the last four quarters.
Beacon has completed its seventh 2023 acquisition with the addition of Tupelo, Missouri-based All American Vinyl Siding Supply.Â
Beacon has expanded its branch footprint through the completion of five acquisitions and the opening of 14 new greenfield locations in 2023.
After the transaction, CD&R will continue to own more than 15 million shares of common stock it currently directly holds.
Building products distributor Beacon opened two new locations as part of its plans to further expand its specialty waterproofing division.
It marks Beacon’s fifth acquisition so far in 2023.
See the key financial figures reported by five major industrial distributors.
We break down the building supplies distributors' 4Q and full-year financials, which included a company-record $8.4 billion in 2022 sales.
The company announced the appointment of Dan Worley as Vice President of Environment, Health & Safety.
Beacon announced the acquisitions of Whitney Building Products and First Coastal Exteriors a day apart.