Beacon opens fourth branch of the year

Herndon, Virginia-based Beacon Roofing Supply opened a new branch in Ocala, Florida. This new branch raises the total of Beacon’s new branch openings since Jan. 1 to four (Birmingham, Alabama; Charlotte, North Carolina; Arvada, Colorado; and Ocala, Florida).

Beacon has opened 30 new branches in 19 states and one Canadian province in the last 18 months and now operates 270 branches throughout the U.S. and Canada. Beacon has added 204 branches through greenfield openings and acquisitions since its IPO in 2004.

Paul Isabella, Beacon’s president and CEO, emphasized the importance of greenfield openings to Beacon’s overall growth strategy.

“We are very pleased to open our new Ocala, Florida, branch and expand our footprint in Florida, which is a key growth state for Beacon,” Isabella said. “The new Ocala branch will enable us to reach new customers and expand our business with existing customers. Greenfield openings play a critical role, along with acquisitions, in increasing profitability and value for our shareholders, and I look forward to announcing additional strategically placed and opportunistic greenfield openings this fiscal year and beyond.”

The distributor of residential and commercial roofing materials and complementary building products currently operates 270 branches throughout 42 states in the U.S. and six provinces in Canada. In fiscal 2014, Beacon had sales of $2.3 billion.