In 2023, Beacon has expanded its branch footprint through the completion of seven acquisitions and 14 new greenfield locations.
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Beacon's increase in sales was driven by higher prices and the contributions of acquired and newly opened branches in the last four quarters.
Beacon has completed its seventh 2023 acquisition with the addition of Tupelo, Missouri-based All American Vinyl Siding Supply.
Beacon has expanded its branch footprint through the completion of five acquisitions and the opening of 14 new greenfield locations in 2023.
After the transaction, CD&R will continue to own more than 15 million shares of common stock it currently directly holds.
Building products distributor Beacon opened two new locations as part of its plans to further expand its specialty waterproofing division.
It marks Beacon’s fifth acquisition so far in 2023.
See the key financial figures reported by five major industrial distributors.
We break down the building supplies distributors' 4Q and full-year financials, which included a company-record $8.4 billion in 2022 sales.
The company announced the appointment of Dan Worley as Vice President of Environment, Health & Safety.
Beacon announced the acquisitions of Whitney Building Products and First Coastal Exteriors a day apart.
Beacon will create a new specialty waterproofing division as a result of the acquisition.
Birte von Schwarzenfeld joins Beacon after spending the past 3.5 years in executive roles at Hilti Group.
It was a notable acceleration from the building products distributor's 1Q growth, achieving company records in sales, profit and profit margin.
The distributor says it entered an accelerated share repurchase agreement with Citibank N.A to repurchase $125 million of Beacon’s common stock.
The roofing material and building products distributor says it opened an OTC hub in Pico Rivera, California, and a branch in Little Chute, Wisconsin.
2021 fourth-quarter sales increased 11.3% compared to the prior year, while net income from continuing operations was $68.1 million.
November continued an upward trend in mergers and acquisitions seen during the prior month, as well as during this year’s third quarter.
Roofing material and building products distributor reported 2021 fiscal 4Q sales of $1.88B, a quarterly record for continuing operations.
Roofing material and building products distributor Beacon's 3rd annual 'Beacon of Hope' contest rewards veterans with new roofs.
