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Beacon Announces Acquisition of Smalley & Company, a Regional Specialty Waterproofing Distributor

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Beacon (Nasdaq: BECN) has completed the acquisition of Smalley & Company, a regional specialty waterproofing distributor based in Denver, CO. Smalley operates in six states and is known for providing tailored sealant and waterproofing solutions since 1967. The acquisition aims to enhance Beacon's Waterproofing Division with Smalley's technical expertise and industry-leading status, expanding service offerings for customers.

Beacon (Nasdaq: BECN) ha completato l'acquisizione di Smalley & Company, un distributore regionale specializzato in impermeabilizzazione con sede a Denver, CO. Smalley opera in sei stati ed è nota per fornire soluzioni di sigillatura e impermeabilizzazione personalizzate dal 1967. L'acquisizione mira a potenziare la Divisione Impermeabilizzazioni di Beacon con l'esperienza tecnica e lo status di leader nel settore di Smalley, espandendo l'offerta di servizi per i clienti.
Beacon (Nasdaq: BECN) ha completado la adquisición de Smalley & Company, un distribuidor regional especializado en impermeabilización con sede en Denver, CO. Smalley opera en seis estados y es conocida por proporcionar soluciones personalizadas de sellado e impermeabilización desde 1967. La adquisición tiene como objetivo mejorar la División de Impermeabilización de Beacon con la experiencia técnica y el estatus líder en la industria de Smalley, expandiendo las ofertas de servicio para los clientes.
Beacon (Nasdaq: BECN)은 덴버, CO에 기반을 둔 지역 전문 방수 유통업체인 Smalley & Company의 인수를 완료했습니다. Smalley는 6개 주에서 운영되며 1967년부터 맞춤형 실란트 및 방수 솔루션을 제공하는 것으로 알려져 있습니다. 이 인수는 Beacon의 방수 부문을 Smalley의 기술 전문 지식과 업계 선두 지위로 강화하고 고객을 위한 서비스 제공을 확장하는 것을 목표로 합니다.
Beacon (Nasdaq: BECN) a finalisé l'acquisition de Smalley & Company, un distributeur spécialisé régional en étanchéité basé à Denver, CO. Smalley opère dans six états et est reconnu pour offrir des solutions personnalisées de scellement et d'étanchéité depuis 1967. L'acquisition vise à renforcer la Division Étanchéité de Beacon avec l'expertise technique et le statut de leader dans le secteur de Smalley, en élargissant les offres de service pour les clients.
Beacon (Nasdaq: BECN) hat die Übernahme von Smalley & Company, einem regionalen Spezialdistributor für Abdichtungen mit Sitz in Denver, CO, abgeschlossen. Smalley ist in sechs Bundesstaaten tätig und ist seit 1967 bekannt für maßgeschneiderte Dichtungs- und Abdichtungslösungen. Die Akquisition zielt darauf ab, die Abdichtungsdivision von Beacon durch Smalleys technisches Know-how und führende Branchenstellung zu verstärken und das Dienstleistungsangebot für Kunden zu erweitern.
Positive
  • Beacon expands its national platform by acquiring Smalley & Company, a reputable distributor in the waterproofing industry.
  • The acquisition strengthens Beacon's Waterproofing Division by integrating Smalley's technical expertise and customer-focused approach.
  • Smalley's established presence in six states and strong customer relationships will benefit from Beacon's broader geographic footprint and expanded service offerings.
Negative
  • None.

Insights

The acquisition of Smalley & Company by Beacon is a strategic move aimed at expanding the company's footprint in the specialty waterproofing distribution market. By integrating Smalley's operations, which include eleven locations across six states, Beacon has positioned itself to benefit from increased market reach and potential economies of scale. This could lead to improved gross margins due to better regional coverage and a more substantial bargaining position with suppliers. Investors should monitor the synergy realization closely as these synergies are not always guaranteed. Examination of subsequent quarterly reports will be vital to evaluate the financial impact of the acquisition, such as changes in revenue growth, cost of goods sold and operating expenses. It's also important to consider integration costs and whether there will be any short-term dilution of earnings.

Beacon's acquisition of Smalley could have significant implications for market dynamics. Smalley brings in a reputation for technical expertise and customer relationships, which may enhance Beacon's value proposition. For retail investors, the key takeaway is that Beacon is likely attempting to leverage Smalley's strong presence in the Southwest to capture a larger share of the specialty waterproofing market. The move suggests that Beacon is also aiming to diversify its services, which could make the company more resilient to industry-specific risks. However, the success of this strategy will largely depend on the smooth integration of Smalley's operations and the retention of its existing customer base.

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the closing of the previously announced acquisition of Smalley & Company (“Smalley”), headquartered in Denver, CO. Smalley serves customers at eleven locations in Arizona, California, Colorado, Nevada, New Mexico, and Utah.

Smalley & Company

Smalley & Company

“Since 1967, Smalley has been providing contractors, design professionals, and owners with tailored sealant and waterproofing solutions. We became an industry leader by focusing intensely on our customers and bringing them value with our technical expertise. Beacon’s Waterproofing team has the same focus, and with its broader geographic footprint, will further benefit our employees and customers,” commented Bruce Coy, Smalley’s CEO.

“We heartily welcome the Smalley employees to Beacon. Adding this industry-leading distributor to our growing Waterproofing Division demonstrates our steadfast commitment to grow our national platform. Their technical know-how is at the top of the industry and a natural fit with our division’s team. Smalley’s customers will benefit from Beacon’s expanded service offerings while maintaining the local relationships built over decades,” said Martin Harrell, Beacon’s Division President, Waterproofing.

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 540 branches throughout all 50 states in the U.S. and 7 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.

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

Source: Beacon

Beacon Roofing Supply, Inc.

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