Beacon expands in southeast Florida
Beacon has expanded again with the opening of a new greenfield location in Homestead, Fla.
According to the Herndon, Va.-based roofing and building products distributor, the latest branch strengthens the company’s presence in southeast Florida, particularly with service to the Miami-Dade market and the Keys.
Earlier this month, Beacon announced another big move in the Sunshine State when it acquired Jacksonville, Fla-based Coastal Construction Products from the company’s majority owner Supply Chain Equity Partners.
Coastal is a specialty distributor of waterproofing products with 18 locations in the South and Midwest. Beacon sells waterproofing products throughout its commercial and residential roofing branches as well as 13 specialty waterproofing locations in the West.
Beacon reported that Coastal has an estimated 2022 revenue of $250 million. The financial terms of the acquisition were not disclosed.
The new Homestead branch is stocked with leading brands of residential roofing, commercial roofing, and complementary products, including waterproofing and Beacon’s own TRI-BUILT brand, the distributor said.
“I am proud to announce the opening of our tenth greenfield this year – in the vibrant Homestead market,” said Jack Gill, Beacon’s regional vice president, Florida. “The beautiful coastal nature of this area draws new construction and also requires extra roof maintenance and repair for existing homes, so we are pleased to have another location that supports our busy customers.”
Gill also noted that Beacon plans to give back to the community through the distributor’s partnership with Rebuilding Together.
“As Beacon expands in our community, I look forward to working with them to increase our impact,” said Martina Spolini, executive director of Rebuilding Together Miami-Dade. “Having a partner like Beacon who supports our work is essential to making critical home repairs that allow our long-term community residents to remain in place.”
Beacon operates more than 470 branches throughout all 50 states in the U.S. and 6 provinces in Canada.
For its third quarter, Beacon reported sales jumped 29% to $2.42 billion as its net income increased by more than $50 million for the period.
