Beacon growing waterproofing division
Beacon announced this morning that it has signed a purchase agreement to acquire Smalley & Company, headquartered in Denver, Colorado.
Smalley & Company has been providing contractors, design professionals, and owners with tailored sealant and waterproofing solutions since 1967.
The company operates 11 locations in Colorado, Arizona, California, Nevada, New Mexico, and Utah and an ESOP that is 100% employee-owned
Beacon noted that the closing of the transaction requires a majority vote of the plan’s participants giving the ESOP Trustee authorization to approve the sale.
“The team’s technical know-how is at the top of the industry, and we look forward to closing this acquisition, so that we can welcome Smalley employees to Beacon and begin serving customers with our expanded products and services,” said Martin Harrell, Beacon’s division president, Waterproofing.
The Herndon, Virginia-based building products distributor currently operates 43 branches focused on waterproofing, according to its website.
Overall, Beacon distributes building products, including roofing materials and complementary products, such as siding and waterproofing through more than 530 branches in the United States and Canada.
Last month, Beacon added three new locations in Fort Myers and Milton, Florida in addition to Saginaw, Michigan.
Beacon was active in 2023, adding 28 new greenfield openings and 21 branches through 9 acquisitions.
