Roofing material and building products distributor says acquisition will strengthen its presence in Midwest markets.
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Roofing distributor has expanded service to customers in Houston and North Port-Bradenton-Sarasota, Florida.
For the third year in a row, Beacon’s nationwide contest will award six deserving veterans with new roofs.
Beacon also reported a third-quarter profit of $70.5 million, compared with a $12.7 million loss in the year-ago period.
Bennett will join Beacon in the newly created role of chief commercial officer (CCO) in June.
Beacon swings to a profit of $22.1 million in 1Q after a loss of $22.4 million the year prior.
McDevitt will take the CHRO reins from Harrison, who is departing Beacon later this quarter.
Building materials distributor also reported a profit of $71 million, up significantly from a profit of $18.2 million the same quarter a year ago.
Building material distributor receives early termination of Hart-Scott-Rodino waiting period required to unload division for $850 million.
Eric Swank will leave the building materials distributor in February after 16 years with the company.
Affiliate of private equity firm American Securities LLC buys Beacon Roofing Supply’s interior products business for $850 million.
Building materials distributor Beacon Roofing Supply also reported that fourth-quarter revenue of $2 billion marked a 0.6% decline from the same period in 2019.
Roofing distributor names Samuel Guzman Jr. to role, replacing interim CAO Thomas Schmitz.
The company also reported a third-quarter loss of $6.7 million, compared with a $31 million profit in the year-ago period.
