HERNDON, Va.--(BUSINESS WIRE)--
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today
that it has acquired Statewide Wholesale ("Statewide"), a distributor of
residential and commercial roofing and related products located in
Denver, Colorado. Founded in 1983 by Randy and Dawn Rehbein, the
Statewide acquisition provides Beacon with a new location on Denver's
south side to better serve customers across the whole Denver
metropolitan area.
Statewide founder Randy Rehbein, who will remain with the Company,
stated: "Dawn and I are thrilled to pass the torch to Beacon, which
presents a tremendous opportunity for Statewide's loyal customers and
employees. We have watched Beacon quickly become the powerhouse in the
Denver market, and we look forward to being able to benefit from
Beacon's footprint to better serve our customers with broader product
offerings and even more efficient deliveries. We chose to align with
Beacon because Beacon most closely matched our culture and values and
shares our belief that success comes from hard work and great customer
service. I am very excited for Statewide's future."
Paul Isabella, Beacon's CEO and President, emphasized the strategic fit
of the acquisition and the compatibility of the two companies and
stated, "we are very excited that Statewide has joined the Beacon
family. Randy and Dawn Rehbein have built a great company with a strong
customer base and experienced employees. Combining Statewide with our
existing Roof Depot and new RSG branches gives us an unmatched footprint
in the vibrant and fast-growing Denver market, and Statewide's strategic
location gives us an even better ability to more efficiently serve
customers on Denver's south side where there is strong commercial and
residential development. By closing our third strategic acquisition this
month, Beacon has demonstrated that it has the financial and operational
capacity to build on the momentum of the RSG deal by continuing to add
high-quality companies to our team. I look for that trend to continue in
2016."
About Beacon Roofing Supply, Inc.
Founded in 1928, Beacon Roofing
Supply, Inc. (NASDAQ: BECN) is the largest publicly traded distributor
of residential and commercial roofing materials and complementary
building products, operating 360 branches throughout 45 states in the
U.S. and six provinces in Canada. To learn more about Beacon and its
family of regional brands, please visit www.becn.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 on Form
10-K for the most recently ended fiscal year.
BECN-F
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Beacon Roofing Supply, Inc.
Joseph Nowicki, 571-323-3940
Executive
Vice President & Chief Financial Officer
JNowicki@becn.com
Source: Beacon Roofing Supply, Inc.
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