Beacon Poised to Serve More Contractors in Georgia

Rhea-AI Summary

Beacon (Nasdaq: BECN) has launched a greenfield location in Augusta, Georgia. This expansion aims to serve the Augusta market and neighboring counties in South Carolina. The new branch is equipped with leading brands, including Beacon’s TRI-BUILT® products, enhancing support for local contractors. This opening is part of Beacon's growth strategy for 2023, following two acquisitions. The company has 13 branches in Georgia, contributing to its goal of optimizing customer experience through its Ambition 2025 strategy.

Positive

• New greenfield location in Augusta enhances market presence and service coverage.
• Expansion aligns with the company's growth strategy and customer experience goals.
• Increased local support for contractors through access to leading brands and products, including TRI-BUILT®.

Negative

• None.

New branch open in Augusta

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) announced today that it has opened a greenfield location in Augusta, Georgia.

The Augusta branch establishes service in the greater Augusta market, including adjacent counties in South Carolina. “The branch is stocked with leading brands of roofing and complementary products, including Beacon’s own TRI-BUILT® products,” commented Brian Gibson, Beacon’s Regional Vice President, South Atlantic. “We are pleased to expand Beacon’s service in Georgia, where we now have 13 branches across the state. Contractors know that we help them to build more and grow their businesses with tools like our leading digital platform, Beacon PRO+.”

Beacon is off to a fast start in 2023 with this new greenfield opening along with the two tuck-in acquisitions announced last week, as we continue along our growth trajectory and execute on the customer experience goals we laid out in our Ambition 2025 strategy.

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 470 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230109005170/en/

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 the significance of Beacon's new branch opening in Augusta, Georgia?

The new branch enhances Beacon's presence in Augusta and surrounding South Carolina counties, supporting local contractors.

What products will the new Beacon branch in Augusta offer?

The Augusta branch will offer leading roofing brands and Beacon's own TRI-BUILT® products.

How many branches does Beacon have in Georgia after the Augusta opening?

With the Augusta opening, Beacon now has 13 branches across Georgia.

What strategic goals does Beacon aim to achieve with its Ambition 2025 strategy?

The Ambition 2025 strategy focuses on enhancing customer experience and expanding market reach.

What is Beacon's stock symbol and where is it traded?

Beacon's stock is traded on the Nasdaq under the symbol BECN.