Beacon Announces Acquisition of Roofers Mart of Southern California
Expands service for commercial contractors in Los Angeles
Beacon (NASDAQ:BECN) announced today that it has completed the acquisition of Roofers Mart of Southern California, Inc. ("Roofers Mart") located in Walnut, California.
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Roofers Mart of Southern California, Inc.
Roofers Mart has a 40-year history serving roofing contractors in the Los Angeles metro market. "We are excited to join the Beacon team. Our customers trust us to deliver top quality, which will be enhanced as we combine with Beacon to extend our expertise, scope, and size," commented Greg Robles, CEO of Roofers Mart. "Contractors will benefit from a larger catalog, including Beacon's TRI-BUILT® branded products, along with additional resources to bring value-added services such as Beacon PRO+ to help them grow their businesses."
"Greg and his team are well known for their customer focus and service delivery, especially in commercial roofing. We are excited to welcome them to the Beacon team and broaden our Los Angeles Beacon OTC® Network service area. This acquisition is yet another example of our focus on growing commercial roofing," added Nevin Holly, Beacon's Regional Vice President, Pacific.
Beacon continues to drive above market growth via footprint expansion with seven acquisitions to date in 2024. The Company is also advancing on its goal of being the top commercial roofing distributor in North America with actions such as the launch of TRI-BUILT® ISO commercial roofing insulation. Beacon exceeded its Ambition 2025 revenue and shareholder return targets in 2023 and continues to advance on achieving its full Ambition 2025 plan.
About Beacon
Founded in 1928, Beacon is a publicly-traded Fortune 500 company that distributes specialty building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 560 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and service capabilities to provide high-quality products and support throughout the entire project lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon's stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.
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