Benzinga | Nov 1, 2021 12:13PM EDT

Beacon Announces Acquisition Of Premier Roofing & Exteriors Distributor Midway Wholesale; Terms Not Disclosed

Beacon (NASDAQ:BECN) (the "Company") announced today that it has acquired Midway Sales & Distributing, Inc. ("Midway Wholesale" or "Midway"), a leading Midwest distributor of residential and commercial exterior building and roofing supplies, including a broad offering of complementary products to contractors, homebuilders and retail customers. Midway Wholesale has built a strong reputation for quality and reliability serving customers at 10 locations across Kansas, Missouri and Nebraska. With annual sales of approximately $130 million, the acquisition deepens Beacon's already strong presence in the Midwest.

"The Midway team looks forward to joining forces with Beacon. Our business has grown successfully since incorporation in 1974 by providing customers with superior service and taking care of our employees," commented John Ossello, Vice President, Midway. "We look forward to the investments Beacon will be able to make that further our partnership with customers and develop our team's potential."

"We are pleased to welcome Midway's employees and customers to the Beacon team as we help build the next chapter of the company's story," said Julian Francis, President & CEO of Beacon. "Expanding our depth of service in the Midwest will bring Midway customers the opportunity to benefit from Beacon's digital solutions, TRI-BUILT product line and OTC(r) network. With this acquisition, our strategic initiative for growth takes on a new lever, adding a high-quality team and key locations to further drive our performance."