PEABODY, Mass., Apr 13, 2010 (BUSINESS WIRE) -- Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon" or the "Company")
announced today that it has acquired Phoenix Sales, Inc. ("Phoenix"), a
distributor of commercial roofing systems and related accessories with
four branches located in Tampa, Orlando, Pompano and Ft. Myers, Florida
and sales of approximately $20 million in 2009.
Scott Hall and Jim Coston, who co-founded Phoenix, will remain part of
Beacon's regional leadership team. Mr. Hall stated, "We are very excited
to join Beacon as it expands its presence in the Florida market. Joining
Beacon will enable Phoenix to better serve our customers in many ways,
including through expanded product offerings." Jim Coston added,
"Joining Beacon also presents a fantastic opportunity for our employees,
as Beacon's size and reputation in the industry will allow us to grow
our business, which will benefit the entire Phoenix team."
Paul Isabella, Beacon's President and COO, emphasized the strategic fit
of the Phoenix acquisition to Beacon's growth in Florida and stated, "We
are very excited to have Phoenix and its experienced commercial roofing
team join Beacon. We now have a strong commercial roofing presence in
Central Florida to accompany our recently-acquired residential roofing
business. Florida presents a great long-term growth opportunity for our
Company and we are committed to expanding our footprint in Florida. The
team at Phoenix shares our work ethic, Company values, and dedication to
customer service and we are proud to have them join Beacon."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a
leading distributor of roofing materials and complementary building
products operating 177 branches in 37 states in the United States and in
three provinces in Eastern 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.
BECN-F
SOURCE: Beacon Roofing Supply, Inc.
Beacon Roofing Supply, Inc.
David Grace, 978-535-7668 x14
CFO
dgrace@beaconroofingsupply.com
Copyright Business Wire 2010