Beacon Announces Fourth Quarter Footprint Expansion

Two acquisitions and two greenfield branches expand service area in Massachusetts, Missouri and Tennessee

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products announced today the results of its footprint expansion initiatives during the fourth quarter of 2024.

Aligning with M&A growth goals, Beacon acquired Ryan Building Products in Westwood, Massachusetts and Fairway Wholesale Distribution in South Hadley, Massachusetts. Founded in 1979, Ryan Building Products specializes in seamless metal gutter fabrication and delivery. Fairway Wholesale Distribution has been serving lumberyard customers for nearly five decades. Both companies bring tenured and knowledgeable teams with a strong service record.

To better serve customers in the St. Louis and Nashville markets. Beacon opened greenfield locations in Arnold, Missouri and Lebanon, Tennessee. Contractors in these areas now have more convenient Beacon branches to serve them with residential, non-residential and complementary building products including Beacon’s own TRI-BUILT^® line.

Beacon continues to drive above market growth via footprint expansion through acquisitions and new greenfield branches. Adding locations and teams to deepen customer service is an important element of our Ambition 2025 plan. Beacon exceeded its Ambition 2025 revenue and shareholder return targets in 2023 and continues to advance on achieving its full potential.

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 580 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.

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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

FAQ

What acquisitions did Beacon (BECN) make in Q4 2024?

Beacon acquired Ryan Building Products in Westwood, MA, specializing in metal gutter fabrication, and Fairway Wholesale Distribution in South Hadley, MA, a lumberyard supplier.

Where did Beacon (BECN) open new greenfield locations in Q4 2024?

Beacon opened new greenfield locations in Arnold, Missouri and Lebanon, Tennessee to better serve the St. Louis and Nashville markets.

How does this expansion align with Beacon's (BECN) strategic goals?

The expansion aligns with Beacon's Ambition 2025 plan and M&A growth goals, supporting above-market growth through acquisitions and new greenfield branches.

What products will Beacon (BECN) offer at its new locations?

The new locations will offer residential, non-residential, and complementary building products, including Beacon's proprietary TRI-BUILT® product line.

How did Beacon (BECN) perform against its Ambition 2025 targets in 2023?

Beacon exceeded its Ambition 2025 revenue and shareholder return targets in 2023.