Beacon Roofing Supply, Inc., Peabody, MA, has acquired Roof Depot, Inc., a Minnesota-based distributor of residential and commercial roofing and other related building products with locations in Minneapolis and Stillwater, MN.
Roof Depot is a distributor of roofing and other complementary building products and presents an opportunity for Beacon to expand its Midwest presence into the Minneapolis-St. Paul metropolitan market. Founded in 1987, Roof Depot employs 70 associates and generated net sales of $31 million for its fiscal year ended Dec. 31, 2005. Consistent with Beacon’s other acquisitions, these facilities will continue to operate under the Roof Depot name to maintain the close relationships Roof Depot has developed with its customers.
Robert Buck, President & CEO of Beacon, emphasized the strategic fit of the Roof Depot acquisition and stated, Roof Depot provides Beacon with an excellent opportunity to expand our geographic presence in the Midwest into a new and dynamic Minnesota market that provides an ideal platform for continued growth.”
Beacon Roofing Supply, Inc. is a distributor of roofing materials and complementary building products operating 151 branches in 31 states in the Northeast, Mid-Atlantic, Midwest, Central Plains, Southeast, Southwest and Western regions of the United States and in Eastern Canada.
Beacon 3Q Sales Jump
Beacon 2Q Sales Increase 87.3% to $322.4M
Beacon Roofing Supply 1Q Sales Increase 70.6%
Beacon Roofing Supply Acquires Two More Distributors
Beacon Roofing Supply Acquires West Coast Distributor
Beacon Roofing Supply Profit Up 25% in 2005
Beacon Roofing Supply Continues on Acquisition Trail