Building products distributor Beacon has named a broader leadership team and opened two new locations as part of its plans to further expand its specialty waterproofing division following the acquisitions of Coastal Construction Products and Whitney Building Products.
Specialty waterproofing was identified as a new platform for Beacon’s growth, creating an opportunity to leverage a nationwide footprint to better serve customers locally, regionally, and nationally, Beacon officials said in a June 16 news release.
The company named Alan Ridge as Division Vice President in charge of sales and branch operations, Alex Miranda as Regional Vice President, East, and Steve Artz as Regional Vice President, West.
In addition, new branches in Largo and North Orlando, Florida are now open and co-located with Beacon’s exterior building products branches to serve contractors whose projects require sealants, coatings, air and vapor barriers, and other waterproofing products necessary for construction.
The Beacon waterproofing team now spans coast to coast through existing locations, with expansion plans into additional U.S. markets, officials said.
“These new greenfield locations further advance us towards our Ambition 2025 goals,” officials said. “Driving above-market growth is a key element of the plan and we continue to execute. In 2023 to date, Beacon has opened seven new locations.”
Earlier this year, Beacon also acquired roofing product distributors Silver State Building Materials, Al’s Roofing Supply Inc. and Prince Building Systems.
Herndon, Virginia-based Beacon was No. 6 on MDM’s 2023 Top Building Materials & Construction Products Distributors list. In 2022, Beacon reported a company record 4Q total sales of $1.97 billion, up 12.2% year-over-year and up 14.1% on a daily sales basis. Sequentially, that growth considerably trailed 3Q’s year-over-year growth of 28.8%.
Related Posts
-
It marks Beacon’s fifth acquisition so far in 2023.
-
Beacon announced the acquisitions of Whitney Building Products and First Coastal Exteriors a day apart.
-
Beacon has now made four acquisitions in 2023.