Construction M&A » By The Online Investor Staff, updated Mon., Apr. 12, 7:32 PM
Recent mergers and acquisitions in the Construction M&A category.
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Slide #98. Beacon Roofing Supply, Inc. — McClure-Johnston Company
Acquirer:
Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Acquiree:
McClure-Johnston Company
Details:
Beacon Roofing Supply, Inc. announced that it has reached an agreement to acquire McClure-Johnston Company, a distributor of residential and commercial roofing products and related accessories headquartered in the Pittsburgh suburb of Braddock, Pa. Founded in 1914, McClure-Johnston has 14 locations with eight in Pennsylvania, three in West Virginia, one in Western Maryland and two in Georgia. Annual sales are approximately $85 million. Closing on the transaction is expected on or before November 1, 2012, and is to occur simultaneously with the execution of a definitive purchase agreement.
Beacon Roofing Supply is a distributor of roofing materials and complementary building products in the U.S. and Canada. Co.'s product portfolio includes: residential roofing products, which include asphalt shingles, synthetic slate and tile, metal roofing, synthetic underlayment, and solar systems; non-residential roofing products, which include single-ply roofing, asphalt, metal, modified bitumen, build-up roofing, cements and coatings, metal edges and flashings, smoke/roof hatches, roofing tools, PVC membrane, TPO membrane, and EPDM membrane; and complementary building products, which include vinyl siding, wallboard, insulation, stone veneer, windows, doors, skylights, and air barrier.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 32nd percentile
(ranked lower than approx. 68% of all stocks covered)
Analysts' Target Price: BECN Stock Forecast Based on Zacks ABR data; powered by Xignite |
