Beacon Roofing Supply completes acquisition of Pittsburgh, Pennsylvania-based distributor of residential and commercial roofing products Cassady Pierce
June 1, 2012
– Beacon Roofing Supply, Inc. (Nasdaq: BECN) ("Beacon") announced today that it has completed its previously-announced acquisition of Cassady Pierce Company ("Cassady Pierce"), a distributor of residential and commercial roofing products and related accessories headquartered in Pittsburgh, Pa. with six locations in the Pittsburgh area.
Paul Isabella, Beacon's CEO and President, stated, "We are pleased to announce the completion of the Cassady Pierce acquisition and to welcome the Cassady Pierce team to Beacon. We thank owner Dennis Kelleher for the opportunity to make the terrific company he built part of Beacon, and we look forward to President Bill Vernal's continued leadership of their talented team. These branches will continue to operate under the Cassady Pierce name. This acquisition will provide tremendous opportunities for Beacon in the Western Pennsylvania market and is another important step in our nationwide expansion."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 199 branches in 38 states in the United States and across Canada. Website: www.beaconroofingsupply.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 or Form 10-K for the most recently ended fiscal year.
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