Strengthens market presence in the midwest.

Beacon

November 2, 2021

1 Min Read
RE_Aquisition.jpg
Alamy

Beacon acquired Midway Sales & Distributing, Inc., a Midwest distributor of residential and commercial exterior building and roofing supplies, including a broad offering of complementary products to contractors, home builders and retail customers. 

Midway Wholesale has 10 locations across Kansas, Missouri and Nebraska and annual sales of approximately $130 million.

“The Midway team looks forward to joining forces with Beacon. Our business has grown successfully since incorporation in 1974 by providing customers with superior service and taking care of our employees,” said John Ossello, VP, Midway. “We look forward to the investments Beacon will be able to make that further our partnership with customers and develop our team’s potential.”

“We are pleased to welcome Midway’s employees and customers to the Beacon team as we help build the next chapter of the company’s story,” added Julian Francis, president and CEO of Beacon. “Expanding our depth of service in the Midwest will bring Midway customers the opportunity to benefit from Beacon’s digital solutions, TRI-BUILT product line and OTC network. With this acquisition, our strategic initiative for growth takes on a new lever, adding a high-quality team and key locations to further drive our performance.”

 

About the Author(s)

Beacon

Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 400 branches throughout all 50 states in the U.S. and six provinces in Canada. Beacon serves an extensive base of over 90,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. 

Subscribe to get the latest information on products, technologies and management.
Join our growing community and stay informed with our free newsletters.

You May Also Like