Roofing material and building products distributor Beacon (Nasdaq: BECN) acquired Midway Sales & Distributing, Inc., a leading Midwest distributor of residential and commercial exterior building and roofing supplies.
Midway serves customers at 10 locations across Kansas, Missouri and Nebraska. With annual sales of approximately $130 million, the acquisition “deepens Beacon’s already strong presence in the Midwest,” the company said.
“We are pleased to welcome Midway’s employees and customers to the Beacon team as we help build the next chapter of the company’s story,” said Julian Francis, president and CEO of Beacon. “Expanding our depth of service in the Midwest will bring Midway customers the opportunity to benefit from Beacon’s digital solutions, TRI-BUILT product line and OTC network. With this acquisition, our strategic initiative for growth takes on a new lever, adding a high-quality team and key locations to further drive our performance.”
Financial details of the agreement were not disclosed.
Beacon ranks No. 3 on MDM’s Top Distributors list for building materials and construction with $6.7 billion in 2020 revenue.