Beacon expands on Long Island
Beacon continues its expansion tear through acquisitions and new greenfield location openings.
Today, the roofing and building products distributor announced that it has completed the acquisition of S&H Building Material Corporation (S&H) of Medford, New York on Long Island.
According to Beacon, S&H has built a five-decade legacy serving Long Island builders, contractors, and homeowners.
In 2023, Beacon has expanded its branch footprint through the completion of seven acquisitions and the opening of 14 new greenfield locations.
“We are thrilled to announce S&H is joining Beacon,” Brian Rosenstein, president of S&H Building Materials Corporation, said in a statement issued by Beacon. “We believe this next phase of our history will enable us to continue serving our loyal customers well into the future.”
The flurry of expansion moves from Beacon this year are all part of the company’s Ambition 2025 goal to drive above-market growth.
“We are pleased to welcome S&H’s employees and customers to the Beacon team,” said David Doran, Beacon’s regional vice president, North Atlantic. “Expanding our depth of service in the Long Island market will bring S&H customers the opportunity to benefit from our digital solutions, TRI-BUILT product line, and the Beacon OTC network.”
Unlike some of the industry’s other heavyweight companies, Beacon turned in a strong second quarter and reported in early August that sales increased 6.2% to $2.5 billion from second quarter 2022 net sales of $2.4 billion.
Additionally, residential roofing product sales increased 8.5% in the second quarter.
Beacon did not disclose the financial terms of this deal.
Based in Herndon, Virginia, Beacon now operates 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, the company said.
