Beacon Announces Acquisition of Crossroads Roofing Supply
July 11 2023 - 9:00AM
Business Wire
Adds five branches in key Oklahoma
markets
Beacon (Nasdaq: BECN) announced today that it has completed the
acquisition of Crossroads Roofing Supply, Inc. (“Crossroads”) of
Oklahoma City, OK. Crossroads’ five branches, located in Enid,
Norman, Oklahoma City, Stillwater, and Tulsa, have been serving
residential and commercial contractors for over 20 years.
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Crossroads Roofing Supply, Inc.
“We are pleased to announce that Crossroads is joining Beacon,”
said Lisa and Mike Curtis, owners of Crossroads. “Beacon’s
relentless focus on its customers gives us confidence that the
contractors who have come to rely on us to build their businesses
will gain further benefits from Beacon’s digital tools and national
footprint.”
“We are thrilled to welcome the Crossroads employees to Beacon.
Their skills and knowledge will enhance our Midwest team as we help
customers build more,” added Jason Taylor, Beacon’s President, West
Division.
This acquisition further advances us toward our Ambition 2025
goals. We continue to achieve acquisitive and organic growth. Year
to date in 2023, Beacon has expanded its branch footprint through
the completion of five acquisitions and the opening of 14 new
greenfield locations.
About Beacon
Founded in 1928, Beacon is a Fortune 500, publicly traded
distributor of building products, including roofing materials and
complementary products, such as siding and waterproofing. The
company operates over 500 branches throughout all 50 states in the
U.S. and 6 provinces in Canada. Beacon serves an extensive base of
nearly 100,000 customers, utilizing its vast branch network and
diverse service offerings to provide high-quality products and
support throughout the entire business 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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INVESTOR CONTACT Binit Sanghvi VP,
Capital Markets and Treasurer Binit.Sanghvi@becn.com
972-369-8005
MEDIA CONTACT Jennifer Lewis VP,
Communications and Corporate Social Responsibility
Jennifer.Lewis@becn.com 571-752-1048
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