Beacon Roofing Supply Announces Acquisition of Omaha, Nebraska-Based RCI Roofing Supply
December 01 2015 - 1:18PM
Business Wire
Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced
today that it has acquired RCI Roofing Supply (“RCI”), a
distributor of residential and commercial roofing and related
products with five branches across Nebraska, Iowa and Colorado.
Founded in 1983, RCI currently has branches in Omaha, Kearney and
Lincoln, Nebraska; Council Bluffs, Iowa; and Pueblo, Colorado.
RCI founder Richard Lynch stated: "Joining the Beacon team
presents a tremendous opportunity for my family and RCI’s loyal
customers and employees. Beacon’s strong market presence in Omaha
and across Nebraska, Iowa and Colorado will enable us to better
serve our customers with broader product offerings and even more
efficient deliveries. We chose to align with Beacon because Beacon
shares our belief that success comes from hard work and great
customer service and because Beacon presented the greatest growth
opportunities for my sons Dennis and Todd and all of RCI’s
employees. I am very excited for their future at Beacon."
Paul Isabella, Beacon’s CEO and President, emphasized the
strategic fit of the acquisition and the compatibility of the two
companies and stated, "We are very excited that RCI has joined the
Beacon team. Richard, Dennis and Todd Lynch have built a great
company with a strong customer base and experienced employees.
Combining RCI with our existing Roof Depot and new RSG branches
gives us unmatched market penetration in Omaha and an even better
ability to service our Nebraska, Iowa and Colorado customers. The
RCI acquisition also shows that Beacon is ready, willing and able
to capitalize on the momentum of the RSG deal by continuing to add
high-quality companies to our team.”
About Beacon Roofing Supply, Inc.
Founded in 1928, Beacon Roofing Supply, Inc. (NASDAQ: BECN) is
the largest publicly traded distributor of residential and
commercial roofing materials and complementary building products,
operating 360 branches throughout 45 states in the U.S. and six
provinces in Canada. To learn more about Beacon and its family of
regional brands, please visit www.becn.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Beacon Roofing Supply Inc.'s business which are not historical
facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see "Risk Factors" in the Company's
Annual Report on Form 10-K for the most recently ended fiscal
year.
BECN-F
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version on businesswire.com: http://www.businesswire.com/news/home/20151201006535/en/
Beacon Roofing Supply, Inc.Joseph Nowicki, 571-323-3940Executive
Vice President & Chief Financial OfficerJNowicki@becn.com
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