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Beacon Roofing acquires Statewide Wholesale in Denver for undisclosed amount.

M2 EQUITYBITES-December 30, 2015-Beacon Roofing acquires Statewide Wholesale in Denver for undisclosed amount

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Beacon Roofing Supply Inc (Nasdaq:BECN) revealed on Tuesday that it has acquired Statewide Wholesale, a distributor of residential and commercial roofing and related products in Denver, Colorado.

Further, the company said that this acquisition provides it with a new location on Denver's south side to serve across the whole Denver metropolitan area. Statewide was founded in 1983 by Randy and Dawn Rehbein and Randy will remain with the company, it added

Financial details of the transaction were not disclosed.

Beacon is a distributor of residential and commercial roofing materials and complementary building products, operating 360 branches in the US and Canada. The company was founded in 1928.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U8CO
Date:Dec 30, 2015
Words:140
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