Beacon Announces Three New Locations
Branches open in Florida and Michigan to serve building and roofing contractors
HERNDON, Va., March 22, 2024--(BUSINESS WIRE)--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing distributor, announced today that it has opened new locations in Fort Myers, FL and Milton, FL and Saginaw, MI to serve residential and commercial roofing contractors.
The new branch in Fort Myers, FL is on the south side of the city. "We are pleased to now have three branches serving the Cape Coral-Fort Myers metro area, including a location specializing in waterproofing products. This is a fast-growing market that also requires resilient weather solutions due to its coastal location. We have what builders need from the roof to underground protection," commented Jack Gill, Beacon’s Regional Vice President, Florida.
The new branch in Milton, FL adds both residential and commercial roofing products and services in the Pensacola metro area. "The beautiful Gulf coast and Naval base make this an attractive area and we see the growth in requirements for building materials. Contractors will appreciate Beacon’s customer service and product range to help them grow their businesses," commented Lynn France, Beacon’s Regional Vice President, Southeast.
The new branch in Saginaw, MI is the 12th in Michigan. "We are pleased to begin serving roofing contractors in the Saginaw area. Our product range and the opportunity to use Beacon PRO+, our industry leading app, will help busy customers who are on the go," explained Jason Martin, Beacon’s Regional Vice President, Great Lakes.
Beacon has opened three new locations and completed two acquisitions in the first three months of 2024. Footprint expansion is an important part of our Ambition 2025 plan and we continue to deliver on our commitments to drive above-market growth to better serve customers. The company exceeded its Ambition 2025 revenue and shareholder return targets two years early and continues to advance on achieving its full plan.
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 530 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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Contacts
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
