HERNDON, Va.--(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.
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