Beacon Announces Acquisition of Metro Sealant
12 Fevereiro 2024 - 11:02AM
Business Wire
Specialty waterproofing contractors in
Mid-Atlantic region gain expanded service from Beacon
Beacon (Nasdaq: BECN) announced today that it has completed the
acquisition of Metro Sealant & Waterproofing Supply, Inc.
(“Metro Sealant”) headquartered in Springfield, VA with three
additional branches located in Ashland, VA, Linthicum, MD, and
Virginia Beach, VA.
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Metro Sealant
Metro Sealant has a 35-year history serving contractors, design
professionals, and owners with tailored sealant and waterproofing
solutions for commercial construction. “We are proud to join the
Beacon team and its growing waterproofing division, which is now
nearly nationwide,” commented Garth Viar, Metro Sealant’s CEO. “We
are confident that the customers and employees our family has
worked with for over three decades will be fully served by Beacon
with its added products, services and focus on the customer
experience.”
“The Viars have built a strong business through dedication to
expertise in waterproofing, restoration, glass, and glazing. Their
team’s technical know-how is at the top of the industry, and we are
thrilled to welcome them,” said Martin Harrell, Beacon’s Division
President, Waterproofing. “Resiliency in the built environment is a
growing concern and waterproofing products are a tool to guard
against storms and extreme weather. Beacon’s continued investment
in distributing these specialty products positions it to provide
protection in communities across the country.”
Metro Sealant is Beacon’s second acquisition of 2024. The
company continues to drive above market growth and become
recognized as a national leader in specialty waterproofing. Beacon
exceeded its Ambition 2025 revenue and shareholder return targets
for 2023 and continues to advance on achieving its full Ambition
2025 plan.
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 530 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.
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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
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