Beacon Roofing Supply Acquires Independent Building Materials of Orlando, Florida
Beacon supplies roofing materials and building products from 174 branches in 37 states and three provinces in Eastern Canada.
PEABODY, Mass.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today that it has acquired Independent Building Materials (“IBM”), a distributor of mostly residential roofing systems and related accessories with one location in Orlando, Florida.
“Dennis and I believe that joining Beacon presents a fantastic opportunity for IBM and our employees. Beacon’s size and reputation in the industry will allow us to better serve our customers and expand our product offering to help grow our business. We could not be more excited about IBM’s future.”
Rick Stiskin, who co-founded IBM with his retiring partner Dennis Booth, will remain IBM’s General Manager and be part Beacon’s regional leadership team. Mr. Stiskin stated, "Dennis and I believe that joining Beacon presents a fantastic opportunity for IBM and our employees. Beacon’s size and reputation in the industry will allow us to better serve our customers and expand our product offering to help grow our business. We could not be more excited about IBM’s future."
Paul Isabella, Beacon’s President and Chief Operating Officer, emphasized the strategic fit of the IBM acquisition and the compatibility of the two companies and stated, "We are very excited to have IBM and its experienced team join Beacon. IBM presents us with an excellent opportunity to enter the Orlando market and begin to expand our footprint in Florida. Equally important is that IBM’s team shares our belief that success comes from hard work and a strong commitment to your employees and customers."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 174 branches in 37 states in the United States and in three provinces in Eastern Canada.
