Beacon Roofing Supply Completes Cassady Pierce Acquisition
PEABODY, Mass.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today
that it has completed its previously-announced acquisition of Cassady
Pierce Company ("Cassady Pierce"), a distributor of residential
and commercial roofing products and related accessories headquartered in
Pittsburgh, Pa. with six locations in the Pittsburgh area.
Paul Isabella, Beacon's CEO and President, stated, "We are pleased to
announce the completion of the Cassady Pierce acquisition and to welcome
the Cassady Pierce team to Beacon. We thank owner Dennis Kelleher for
the opportunity to make the terrific company he built part of Beacon,
and we look forward to President Bill Vernal's continued leadership of
their talented team. These branches will continue to operate under the
Cassady Pierce name. This acquisition will provide tremendous
opportunities for Beacon in the Western Pennsylvania market and is
another important step in our nationwide expansion."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 199 branches in 38 states in the United States and
across Canada. Website: www.beaconroofingsupply.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this press release regarding Beacon Roofing
Supply Inc.'s business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties. For a
discussion of such risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see "Risk Factors" in the Company's Annual Report or Form
10-K for the most recently ended fiscal year.
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
Source: Beacon Roofing Supply, Inc.
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