{"id":763076,"date":"2023-06-12T10:46:05","date_gmt":"2023-06-12T14:46:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-silver-state-building-materials\/"},"modified":"2023-06-12T10:46:05","modified_gmt":"2023-06-12T14:46:05","slug":"beacon-acquires-silver-state-building-materials","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-silver-state-building-materials\/","title":{"rendered":"Beacon Acquires Silver State Building Materials"},"content":{"rendered":"

<\/p>\n

Beacon Acquires Silver State Building Materials<\/b><\/p>\n

Expands Distribution Presence in Nevada<\/i><\/b><\/p>\n

HERNDON, Va.–(BUSINESS WIRE<\/a>)–Beacon<\/a> (Nasdaq: BECN) announced today that it has acquired Silver State Building Materials, Inc. (\u201cSilver State\u201d) based in Gardnerville, Nevada.<\/p>\n

\nSilver State, a second-generation family business, has served the South Lake Tahoe and Reno market with residential roofing and complementary products for over thirty years. \u201cTourism and natural beauty continue to drive growth in this market. Our customers will appreciate the service model that Beacon offers, and our employees are excited to join a values-driven team,\u201d commented Derick and Kelly Peterson, Owners of Silver State. Nevin Holly, Beacon\u2019s Regional Vice President, Pacific added, \u201cWe are very pleased to welcome Silver State customers and employees. Our focus for the next chapter of this business will be on the customer experience, including tools like Beacon PRO+ to help our contractors build more.\u201d<\/p>\n

\nThis acquisition further advances us towards our Ambition 2025<\/a> goals. Driving above-market growth is a key element of the plan and we continue to execute well. Year to date in 2023, Beacon has expanded its branch footprint through the completion of four acquisitions and the opening of five new locations.<\/p>\n

About Beacon<\/b><\/p>\n

\nFounded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 490 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 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\u00ae, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon\u2019s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230612077424\/en\/<\/a><\/span><\/p>\n

INVESTOR CONTACT
\n<\/span>
Binit Sanghvi
\n
VP, Capital Markets and Treasurer
\n
Binit.Sanghvi@becn.com
\n<\/a>
972-369-8005<\/p>\n

MEDIA CONTACT
\n<\/span>
Jennifer Lewis
\n
VP, Communications and Corporate Social Responsibility
\n
Jennifer.Lewis@becn.com
\n<\/a>
571-752-1048<\/p>\n

KEYWORDS:<\/b> United States North America Nevada Virginia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Construction & Property Residential Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Beacon Acquires Silver State Building Materials Expands Distribution Presence in Nevada HERNDON, Va.–(BUSINESS WIRE)–Beacon (Nasdaq: BECN) announced today that it has acquired Silver State Building Materials, Inc. (\u201cSilver State\u201d) based in Gardnerville, Nevada. Silver State, a second-generation family business, has served the South Lake Tahoe and Reno market with residential roofing and complementary products for over thirty years. \u201cTourism and natural beauty continue to drive growth in this market. Our customers will appreciate the service model that Beacon offers, and our employees are excited to join a values-driven team,\u201d commented Derick and Kelly Peterson, Owners of Silver State. Nevin Holly, Beacon\u2019s Regional Vice President, Pacific added, \u201cWe are very pleased to welcome Silver State customers and employees. Our focus for … <\/p>\n

Continue reading “Beacon Acquires Silver State Building Materials”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-763076","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBeacon Acquires Silver State Building Materials - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-silver-state-building-materials\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beacon Acquires Silver State Building Materials - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Beacon Acquires Silver State Building Materials Expands Distribution Presence in Nevada HERNDON, Va.–(BUSINESS WIRE)–Beacon (Nasdaq: BECN) announced today that it has acquired Silver State Building Materials, Inc. (\u201cSilver State\u201d) based in Gardnerville, Nevada. Silver State, a second-generation family business, has served the South Lake Tahoe and Reno market with residential roofing and complementary products for over thirty years. \u201cTourism and natural beauty continue to drive growth in this market. Our customers will appreciate the service model that Beacon offers, and our employees are excited to join a values-driven team,\u201d commented Derick and Kelly Peterson, Owners of Silver State. Nevin Holly, Beacon\u2019s Regional Vice President, Pacific added, \u201cWe are very pleased to welcome Silver State customers and employees. 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