Beacon Acquires Silver State Building Materials
13 June 2023 - 12:43AM
Business Wire
Expands Distribution Presence in
Nevada
Beacon (Nasdaq: BECN) announced today that it has acquired
Silver State Building Materials, Inc. (“Silver State”) based in
Gardnerville, Nevada.
Silver State, a second-generation family business, has served
the South Lake Tahoe and Reno market with residential roofing and
complementary products for over thirty years. “Tourism and natural
beauty continue to drive growth in this market. Our customers will
appreciate the service model that Beacon offers, and our employees
are excited to join a values-driven team,” commented Derick and
Kelly Peterson, Owners of Silver State. Nevin Holly, Beacon’s
Regional Vice President, Pacific added, “We are very pleased to
welcome Silver State customers and employees. Our focus for the
next chapter of this business will be on the customer experience,
including tools like Beacon PRO+ to help our contractors build
more.”
This acquisition further advances us towards our Ambition 2025
goals. Driving above-market growth is a key element of the plan and
we continue to execute well. Year to date in 2023, Beacon has
expanded its branch footprint through the completion of four
acquisitions and the opening of five new locations.
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 490 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/20230612077424/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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