Beacon Roofing Supply, Inc. (Nasdaq: BECN), Peabody, MA, No. 4 on MDM’s list of top building materials distributors, has acquired Fowler & Peth, Inc., a distributor of residential and commercial roofing products and related accessories headquartered in Denver, CO.
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Fowler & Peth has six locations in Colorado, two in Wyoming and one in Nebraska and annual sales of approximately $60 million.
\”Joining Beacon will enable Fowler & Peth to grow our business more quickly and presents greater career growth opportunities for our employees,\” said Kurt Peth, co-owner of Fowler & Peth.
\”Fowler & Peth is an industry leader and allows Beacon to expand our presence in the very important Denver market beyond our existing Denver branch and to serve customers in the surrounding states,\” said Paul Isabella, Beacon’s president and CEO. \”Fowler & Peth is a key component to Beacon’s westward expansion plans and will be a gateway to further geographic growth for our company.\”