Construction M&A » By The Online Investor Staff, updated Mon., Aug. 8, 1:30 PM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #97 of 100 |
Slide #97. Beacon Roofing Supply, Inc. — McClure-Johnston Company
Acquirer:
Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Acquiree:
McClure-Johnston Company
Details:
Beacon Roofing Supply, Inc. announced the completion of its previously-announced acquisition of McClure-Johnston Company ("McClure-Johnston"), a distributor of residential and commercial roofing products and related accessories headquartered in the Pittsburgh suburb of Braddock, Pa. McClure-Johnston has 14 locations with eight in Pennsylvania, three in West Virginia, one in Western Maryland and two in Georgia.
Beacon Roofing Supply is a distributor of residential and non-residential roofing materials and complementary building products in the U.S. and Canada. Co. operates its business primarily under the trade name Beacon Building Products. Co. provides assortments of branded products in the industry. Co. provides the digital offering in building products distribution. Beacon PRO+ is Co.'s proprietary digital account management suite which allows customers to manage their business with it online, and Beacon 3D+ is its roofing estimating tool for its residential customers. Co. invests resources in development, management skills, product knowledge, and operational proficiency.
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Avg. Broker Rec.
 
|
Hold (2.25 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: BECN Stock Forecast Based on Zacks ABR data; powered by Xignite |
