Beacon makes Pittsburgh acquisition
Beacon Roofing Supply, one of the nation’s largest distributors of roofing and other exterior building products, has reached an agreement to acquire McClure-Johnston Co., a Pittsburgh-based distributor of residential and commercial roofing products and related accessories. The purchase price was not disclosed.
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. Annual sales are approximately $85 million. The transaction is expected to close on or before Nov. 1, 2012.
Paul Isabella, Beacon's CEO and president, emphasized the strategic fit of the acquisition and the compatibility of the two companies in the company’s announcement. He stated, "For nearly a century, McClure-Johnston has been a leader in the industry. We are very excited that the Hogan and Oxenreiter families chose to align the great company they have built together with Beacon as we continue our expansion in these key markets and beyond. We are very pleased to welcome them and the entire experienced and highly regarded McClure-Johnston team to the Beacon family."
Headquartered in Peabody, Mass., Beacon Roofing Supply operates 210 branches in 38 states in the United States and across Canada.