{"id":787472,"date":"2023-10-02T15:26:29","date_gmt":"2023-10-02T19:26:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-garvin-construction-products\/"},"modified":"2023-10-02T15:26:29","modified_gmt":"2023-10-02T19:26:29","slug":"beacon-acquires-garvin-construction-products","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-garvin-construction-products\/","title":{"rendered":"Beacon Acquires Garvin Construction Products"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Beacon Acquires Garvin Construction Products<\/b><\/p>\n<p class=\"bwalignc\"><b>Beacon emerging as a national leader in specialty waterproofing<\/b><\/p>\n<p>HERNDON, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.becn.com%2F&amp;esheet=53564869&amp;newsitemid=20231002792693&amp;lan=en-US&amp;anchor=Beacon&amp;index=1&amp;md5=8678f0bcb36db3676e80a42af544319d\">Beacon<\/a> (Nasdaq: BECN) (and its affiliates, the \u201cCompany\u201d) announced today that it has completed the acquisition of waterproofing distributor Garvin Construction Products (\u201cGarvin\u201d) based in Medford, MA with four additional locations in North Haven, CT, Beltsville, MD, Carlstadt, NJ, and Long Island City, NY.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20231002792693\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231002792693\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231002792693\/en\/1900788\/4\/garvinnewlogo21.jpg\" alt=\"Garvin Construction Products (Graphic: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">Garvin Construction Products (Graphic: Business Wire)<\/p>\n<\/div>\n<p>\nFor over 70 years Garvin has served design professionals, contractors and owners with complete building envelope solutions including waterproofing, restoration, glass, tinting and glazing. \u201cJoining Beacon and its growing waterproofing division will enable us to continue serving our loyal customers and provide them additional products and services,\u201d commented George Bukuras, Garvin\u2019s President &amp; CEO. \u201cI have the utmost confidence that our employees and customers will thrive with Beacon. This next step for our family-built business will allow it to grow and contribute to Beacon\u2019s Ambition 2025,\u201d added Brendan Garvin, Sr., Garvin\u2019s Chairman of the Board.<\/p>\n<p>\n\u201cWe are grateful that the Garvin family has trusted Beacon with the ownership of Garvin Construction Products, and we wholeheartedly welcome Garvin\u2019s employees and customers to the Beacon team. The customer focus and technical expertise that enabled Garvin to thrive for seven decades is an ideal match for our values and mission,\u201d said Martin Harrell, Beacon\u2019s Waterproofing Division President. \u201cToday\u2019s building environment requires resiliency solutions for new construction and restoration projects. From products for the roof to the building exterior to below grade, Beacon is very well positioned to support contractors nationwide.\u201d<\/p>\n<p>\nBeacon\u2019s building envelope capabilities are national following the acquisition of Coastal Construction Products and Whitney Building Products in 2022, which added to the Company\u2019s leading footprint for residential and commercial waterproofing products and expertise.<\/p>\n<p>\nIn line with our <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fs24.q4cdn.com%2F883548305%2Ffiles%2Fdoc_earnings%2F2023%2Fq2%2Fpresentation%2FBeacon-2023-Q2-Earnings-Presentation-final.pdf&amp;esheet=53564869&amp;newsitemid=20231002792693&amp;lan=en-US&amp;anchor=Ambition+2025&amp;index=2&amp;md5=5179d5ded5a40743526de58acbb24c79\">Ambition 2025<\/a> plan to grow above market by expanding our footprint and complementary product offering, Beacon has completed eight acquisitions and opened 16 new greenfield locations to date in 2023. Since launching the plan, more than 70 additional locations are serving Beacon customers.<\/p>\n<p><b>About Beacon<\/b><\/p>\n<p>\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 500 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.becn.com&amp;esheet=53564869&amp;newsitemid=20231002792693&amp;lan=en-US&amp;anchor=www.becn.com&amp;index=3&amp;md5=1e53235d1a0243916a65095b10e03294\">www.becn.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20231002792693r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20231002792693\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20231002792693\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">INVESTOR CONTACT<br \/>\n<\/span><br \/>Binit Sanghvi<br \/>\n<br \/>VP, Capital Markets and Treasurer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Binit.Sanghvi@becn.com\">Binit.Sanghvi@becn.com<br \/>\n<\/a><br \/>972-369-8005<\/p>\n<p><span class=\"bwuline\">MEDIA CONTACT<br \/>\n<\/span><br \/>Jennifer Lewis<br \/>\n<br \/>VP, Communications and Corporate Social Responsibility<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jennifer.Lewis@becn.com\">Jennifer.Lewis@becn.com<br \/>\n<\/a><br \/>571-752-1048<\/p>\n<p><b>KEYWORDS:<\/b> District of Columbia Virginia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Architecture Other Construction &amp; Property Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property Building Systems Urban Planning<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231002792693\/en\/767194\/3\/Beacon_Logo_cmyk_BLUE.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231002792693\/en\/1900788\/3\/garvinnewlogo21.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Garvin Construction Products (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Beacon Acquires Garvin Construction Products Beacon emerging as a national leader in specialty waterproofing HERNDON, Va.&#8211;(BUSINESS WIRE)&#8211;Beacon (Nasdaq: BECN) (and its affiliates, the \u201cCompany\u201d) announced today that it has completed the acquisition of waterproofing distributor Garvin Construction Products (\u201cGarvin\u201d) based in Medford, MA with four additional locations in North Haven, CT, Beltsville, MD, Carlstadt, NJ, and Long Island City, NY. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20231002792693\/en\/ Garvin Construction Products (Graphic: Business Wire) For over 70 years Garvin has served design professionals, contractors and owners with complete building envelope solutions including waterproofing, restoration, glass, tinting and glazing. \u201cJoining Beacon and its growing waterproofing division will enable us to continue serving our loyal customers and provide them &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-garvin-construction-products\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Beacon Acquires Garvin Construction Products&#8221;<\/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-787472","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Beacon Acquires Garvin Construction Products - 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-garvin-construction-products\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beacon Acquires Garvin Construction Products - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Beacon Acquires Garvin Construction Products Beacon emerging as a national leader in specialty waterproofing HERNDON, Va.&#8211;(BUSINESS WIRE)&#8211;Beacon (Nasdaq: BECN) (and its affiliates, the \u201cCompany\u201d) announced today that it has completed the acquisition of waterproofing distributor Garvin Construction Products (\u201cGarvin\u201d) based in Medford, MA with four additional locations in North Haven, CT, Beltsville, MD, Carlstadt, NJ, and Long Island City, NY. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20231002792693\/en\/ Garvin Construction Products (Graphic: Business Wire) For over 70 years Garvin has served design professionals, contractors and owners with complete building envelope solutions including waterproofing, restoration, glass, tinting and glazing. \u201cJoining Beacon and its growing waterproofing division will enable us to continue serving our loyal customers and provide them &hellip; Continue reading &quot;Beacon Acquires Garvin Construction Products&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/beacon-acquires-garvin-construction-products\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T19:26:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20231002792693\/en\/1900788\/4\/garvinnewlogo21.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beacon-acquires-garvin-construction-products\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beacon-acquires-garvin-construction-products\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Beacon Acquires Garvin Construction Products\",\"datePublished\":\"2023-10-02T19:26:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beacon-acquires-garvin-construction-products\\\/\"},\"wordCount\":567,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beacon-acquires-garvin-construction-products\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20231002792693\\\/en\\\/1900788\\\/4\\\/garvinnewlogo21.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beacon-acquires-garvin-construction-products\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beacon-acquires-garvin-construction-products\\\/\",\"name\":\"Beacon Acquires Garvin Construction Products - 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