Beacon Announces Agreement to Purchase Smalley & Company, a Regional Specialty Waterproofing Distributor
2024年4月2日 - 10:00PM
ビジネスワイヤ(英語)
Beacon (Nasdaq: BECN), the only publicly traded specialty
roofing and complementary products distributor, announced today
that it signed a purchase agreement to acquire Smalley &
Company, headquartered in Denver, CO with eleven locations in
Colorado, Arizona, California, Nevada, New Mexico and Utah. Smalley
is a privately held company, which is 100% owned by an Employee
Stock Ownership Plan and Trust (“ESOP”). Closing the contemplated
transaction requires a majority vote of the plan’s Participants
giving the ESOP Trustee authorization to approve the sale.
Smalley & Company has been providing contractors, design
professionals, and owners with tailored sealant and waterproofing
solutions since 1967. Smalley & Company has become an industry
leader through its dedication to being a vital link in the supply
chain to contractors that perform a wide range of applications in
the new construction and restoration markets.
“The team’s technical know-how is at the top of the industry,
and we look forward to closing this acquisition, so that we can
welcome Smalley employees to Beacon and begin serving customers
with our expanded products and services,” said Martin Harrell,
Beacon’s Division President, Waterproofing.
Forward-Looking Statements
This press release contains information about management's view
of Beacon's future expectations, plans and prospects that
constitute forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various
important factors, including, but not limited to, those set forth
in the "Risk Factors" section of Beacon's latest Form 10-K and
subsequent filings with the SEC. In addition, the forward-looking
statements included in this press release represent Beacon's views
as of the date of this press release and these views could change.
However, while Beacon may elect to update these forward-looking
statements at some point, Beacon specifically disclaims any
obligation to do so, other than as required by federal securities
laws. These forward-looking statements should not be relied upon as
representing Beacon's views as of any date subsequent to the date
of this press release.
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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version on businesswire.com: https://www.businesswire.com/news/home/20240402534496/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
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