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Beacon (Nasdaq: BECN) has opened new locations in Salinas, CA, Frederick, CO, and Seguin, TX to serve residential and commercial contractors and lumberyards. The new branches will provide a full catalog of products and digital tools to help contractors grow their businesses. Beacon has opened 19 greenfields and completed eight acquisitions in 2023 as part of their Ambition 2025 plan.
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Beacon has expanded its footprint with new branches in California, Colorado, and Texas, allowing them to serve more customers and drive growth. The new branches will provide on-time delivery, a full range of products, and digital tools like Beacon PRO+ to help contractors grow their businesses.
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Opens branches to serve customers in California’s Monterey County, Colorado’s Front Range, and Texas’ Greater San Antonio
HERNDON, Va.--(BUSINESS WIRE)--
Beacon (Nasdaq: BECN) announced today that it has opened new locations in Salinas, CA, Frederick, CO, and Seguin, TX to serve residential and commercial contractors and lumberyards.
The new Salinas, CA branch is in vibrant Monterey County. “Focused on serving residential contractors, the team at this location operates as part of the San Jose Beacon OTC® network to help customers build their businesses with on-time delivery of our full catalog of products,” commented Nevin Holly, Beacon’s Regional Vice President, Pacific.
The new branch in Frederick, CO is part of the quickly developing Front Range Urban Corridor. “With an ideal location along Interstate 25, this branch sits just between Denver and Fort Collins and will serve contractors with our full product range as well as digital tools, like Beacon PRO+, that help busy contractors grow their businesses,” explained Justin Hinze, Beacon’s Regional Vice President, Mountain.
The new Seguin, TX branch is dedicated to serving lumberyard customers. “Right off Interstate 10, this location’s greater San Antonio proximity will serve the busy region with our customized product range, delivery optimization, and specialized employees that makes us the go-to supplier for area lumberyards,” explained Beacon Vice President, Clint Wade.
Beacon has opened 19 greenfields and completed eight acquisitions to date in 2023. Footprint expansion is an important element of our Ambition 2025 plan as we continue to deliver on our commitments to drive above-market growth.
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 500 branches throughout all 50 states in the U.S. and 6 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
FAQ
What is Beacon's Ambition 2025 plan?
Beacon's Ambition 2025 plan involves expanding their footprint and driving above-market growth through acquisitions and greenfield openings.
What services will the new branches provide?
The new branches will provide a full catalog of products, on-time delivery, and digital tools like Beacon PRO+ to help contractors grow their businesses.
How many branches has Beacon opened in 2023?
Beacon has opened 19 greenfields and completed eight acquisitions in 2023.
