HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today that it has acquired Statewide Wholesale (“Statewide”), a distributor of residential and commercial roofing and related products located in Denver, Colorado. Founded in 1983 by Randy and Dawn Rehbein, the Statewide acquisition provides Beacon with a new location on Denver’s south side to better serve customers across the whole Denver metropolitan area.
Statewide founder Randy Rehbein, who will remain with the Company, stated: "Dawn and I are thrilled to pass the torch to Beacon, which presents a tremendous opportunity for Statewide’s loyal customers and employees. We have watched Beacon quickly become the powerhouse in the Denver market, and we look forward to being able to benefit from Beacon’s footprint to better serve our customers with broader product offerings and even more efficient deliveries. We chose to align with Beacon because Beacon most closely matched our culture and values and shares our belief that success comes from hard work and great customer service. I am very excited for Statewide’s future."
Paul Isabella, Beacon’s CEO and President, emphasized the strategic fit of the acquisition and the compatibility of the two companies and stated, "we are very excited that Statewide has joined the Beacon family. Randy and Dawn Rehbein have built a great company with a strong customer base and experienced employees. Combining Statewide with our existing Roof Depot and new RSG branches gives us an unmatched footprint in the vibrant and fast-growing Denver market, and Statewide’s strategic location gives us an even better ability to more efficiently serve customers on Denver’s south side where there is strong commercial and residential development. By closing our third strategic acquisition this month, Beacon has demonstrated that it has the financial and operational capacity to build on the momentum of the RSG deal by continuing to add high-quality companies to our team. I look for that trend to continue in 2016.”
About Beacon Roofing Supply, Inc.
Founded in 1928, Beacon Roofing Supply, Inc. (NASDAQ: BECN) is the largest publicly traded distributor of residential and commercial roofing materials and complementary building products, operating 360 branches throughout 45 states in the U.S. and six provinces in Canada. To learn more about Beacon and its family of regional brands, please visit www.becn.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Beacon Roofing Supply Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
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