Roofing and building products distributor Beacon announced Nov. 1 its acquisition of Jacksonville, Florida-based Coastal Construction Products from distribution-focused private equity firm Supply Chain Equity Partners, along with current and former members of Coastal’s management. Financial details of the transaction were not disclosed. Beacon ranked No. 5 on Modern Distribution Management’s 2022 Top Building Materials/Construction Distributor list.

Beacon noted that the deal is its third since the launch of its Ambition 2025 goals this past February.

“SCEP has been a great partner and we are grateful for their help in achieving our Vision 2025,” said Martin Harrell, Coastal’s CEO. “They allowed us to grow much faster than we could have done on our own by funding and supporting our internal growth initiatives as well as fast-tracking our greenfield and acquisition program. Now, the entire Coastal team is excited to be joining Beacon.”

Coastal has 18 locations dedicated to waterproofing serving the Southeast and Midwest, which will join the 13 specialty waterproofing locations Beacon already has in the Western U.S. As a result of the Coastal acquisition, Beacon will create a new specialty waterproofing division, which will be led by Harrell, according to a news release.

“This partnership allows us to bring our customers the benefits of Beacon’s North American footprint and specialized capabilities designed to accelerate growth and enhance profitability,” Harrell said.

“We are thrilled to welcome Coastal’s over 200 employees to the Beacon team,” Beacon President and CEO Julian Francis said. “Expanding nationwide access to waterproofing products enhances our value proposition to our commercial and multifamily customers and provides the opportunity to build more together.”

It’s been a busy week for Virginia-based Beacon, which announced Oct. 27 the opening of new branches in Leitchfield, Kentucky, and Hampton, Virginia. That came a few days after the launch of Beacon’s new mobile app, Beacon PRO+, on Oct. 24. The app is designed for iPhone and Android devices with access to Beacon’s full product catalog, order history, delivery tracking and more for contractors who spend their days on-the-go.