Beacon Roofing announces acquisition
Beacon Roofing Supply has reached an agreement to acquire Cassady Pierce Co., a distributor of residential and commercial roofing products, for an undisclosed sum. Founded in 1947, Cassady Pierce has six locations in the Pittsburgh area and annual sales of approximately $52 million. Closing on the transaction is expected on May 31, 2012.
“Cassady Pierce is an industry leader in Western Pennsylvania and allows Beacon to expand our presence in that very important market beyond our existing North Coast Pittsburgh branch,” said Paul Isabella, Beacon’s president and CEO.
Bill Vernal will remain as Cassady Pierce's president and become part of Beacon's regional management team. "Joining Beacon will enable us to grow our business and presents greater opportunities for our employees and customers,” Vernal said.