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Beacon Announces Acquisition of Southern California-based Roofers Mart

Posted on by darion





Beacon (Nasdaq: BECN) announced the acquisition of Roofers Mart of Southern California, based in Walnut, Calif. Roofers Mart, a 40-year-old company, specializes in serving roofing contractors in the Los Angeles area. The acquisition expands Beacon’s roofing services in Los Angeles by providing a broader catalog, including Beacon TRI-BUILT® brand products and additional resources such as Beacon PRO+. The move is consistent with Beacon’s strategy to grow the commercial roofing industry, marking its seventh acquisition in 2024. The company is moving toward its goal of becoming the leading commercial roofing distributor in North America, having already exceeded its 2023 revenue and shareholder return goals as part of its Ambition 2025 plan.

Positive


  • Beacon’s acquisition of Roofers Mart strengthens the company’s presence in the Los Angeles market.


  • This agreement will expand Beacon’s offering with new products, which will benefit contractors.


  • Beacon exceeded its 2023 revenue and shareholder return goals.


  • The acquisition is part of Beacon’s strategy to grow its roofing business and will be the company’s seventh acquisition in 2024.


Beacon’s acquisition of Roofers Mart of Southern California is a strategic move that is expected to increase Beacon’s market share and strengthen its position in the commercial roofing industry. Beacon’s recent expansion efforts, evident through seven acquisitions in 2024, reflect a broader growth strategy aimed at solidifying its status as the leading commercial roofing distributor in North America.

From a financial perspective, acquisitions can offer synergies such as improved product offerings, increased supply chain efficiency and economies of scale. By integrating the established Roofers Mart service in Los Angeles with Beacon’s extensive catalog, there is potential for revenue growth and cost savings. In particular, the inclusion of Beacon’s TRI-BUILT® branded products and services, such as Beacon PRO+, could attract a larger customer base and increase sales volume.

Investors should note that Beacon exceeded its Ambition 2025 revenue and shareholder return targets in 2023. This performance benchmark indicates strong management and execution capabilities, which can boost investor confidence. However, integrating acquisitions always comes with risks, such as potential cultural conflicts or operational disruptions, that must be carefully managed to deliver the expected benefits.

The acquisition strengthens Beacon’s presence in the Los Angeles market, a key region for commercial roofing due to construction activity and market size. Roofers Mart’s 40-year history and established customer trust provide Beacon with a ready-made customer base and a solid reputation to build upon. This local expertise, combined with Beacon’s resources, can enable significant market penetration and increased customer loyalty.

The broader trend in the roofing industry toward consolidation means that larger players like Beacon can offer more comprehensive services and better prices by leveraging scale. This trend benefits contractors, who can access a wider range of products and services from a single supplier, simplifying procurement and potentially reducing costs.

In the long term, Beacon’s ambition to become the largest roofing distributor in North America could provide a significant competitive advantage. However, competition remains intense, and maintaining customer satisfaction during and after the integration process will be important to sustain growth.









Expands scope of services for commercial contractors in Los Angeles

HERNDON, Virginia.–(BUSINESS WIRE)– Beacon (Nasdaq: BECN) today announced that it has completed the acquisition of Roofers Mart Southern CaliforniaInc. (“Roofers Mart”), headquartered in Walnut, California.

Roofers Mart of Southern California, Inc.

Roofers Mart Southern CaliforniaInc.

Roofers Mart has a 40-year history of serving roofing contractors in the area. Los Angeles metro market. “We are excited to join the Beacon team. Our customers trust us to deliver the highest quality, which will be enhanced as we combine with Beacon to expand our expertise, scope and size,” commented Greg Robles, CEO of Roofers Mart. “Contractors will benefit from a larger catalog, including Beacon’s TRI-BUILT® brand of products, along with additional resources to provide value-added services like Beacon PRO+ to help them grow their businesses.”

“Greg and his team are known for their customer focus and service delivery, especially in the commercial roofing space. We are excited to welcome them to the Beacon team and expand the service footprint of our Los Angeles Beacon OTC® network. This acquisition is another example of our continued focus on growing the commercial roofing market,” added Nevin Holly, Beacon Pacific Regional Vice President.

Beacon continues to drive above-market growth through space expansion, with seven acquisitions so far in 2024. The company is also pursuing its goal of becoming the leading distributor of commercial roofing products North America with actions such as the introduction of TRI-BUILT® ISO commercial roofing insulation. Beacon exceeded its Ambition 2025 revenue and shareholder return goals in 2023 and continues to deliver on 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 more than 560 locations in all 50 states. US and 7 provinces in Canada. Beacon serves an extensive customer base of nearly 100,000, leveraging its extensive branch network and service capabilities to provide high-quality products and support throughout the project lifecycle. Beacon offers its own brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, that allows customers to manage their businesses online. Beacon stock is traded on the Nasdaq Global Select Market under the symbol BECN. To learn more about Beacon, visit www.becn.com.

CONTACT FOR INVESTORS

Binit Sanghvi

Vice President, Capital Markets and Treasurer

[email protected]

972-369-8005

CONTACT WITH THE MEDIA

Jennifer Lewis

Vice President of Communications and Corporate Social Responsibility

[email protected]

571-752-1048

Source: Beacon








Frequently asked questions



What company did Beacon acquire?

Beacon has acquired Roofers Mart in Southern California.


Where is Roofers Mart of Southern California located?

Roofers Mart is located in Walnut, California.


How will Beacon benefit from acquiring Roofers Mart?

With this acquisition, Beacon will expand its commercial roofing service offerings in Los Angeles by expanding its product catalog and adding resources such as Beacon PRO+.


What significance does the acquisition of Roofers Mart have for Beacon’s growth strategy?

The acquisition is consistent with Beacon’s strategy to grow its roofing business. It will be its seventh acquisition in 2024 and will help the company achieve its goal of becoming the largest roofing distributor in North America.


What are Beacon’s recent financial performance?

Beacon exceeded its 2023 revenue and shareholder return targets under its Ambition 2025 plan.