Beacon reported that it has acquired Midway Sales & Distributing, Inc., a Midwest distributor of residential and commercial exterior building and roofing supplies.
With 10 locations in Kansas, Missouri, and Nebraska, Midway offers a broad assortment of building materials to contractors, home builders, and retail customers.
The company has annual sales of approximately $130 million. The financial terms of the acquisition were not disclosed.
“The Midway team looks forward to joining forces with Beacon,” said John Ossello, Midway vice president. “Our business has grown successfully since incorporation in 1974 by providing customers with superior service and taking care of our employees,”
“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 and 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 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,” Francis added.
Based in Herndon, Va., Beacon operates over 400 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves a base of more than 90,000 customers.