Expands Distribution Presence in Nevada
Beacon (NASDAQ:BECN) announced today that it has acquired Silver State Building Materials, Inc. (“Silver State”) based in Gardnerville, Nevada.
Silver State, a second-generation family business, has served the South Lake Tahoe and Reno market with residential roofing and complementary products for over thirty years. “Tourism and natural beauty continue to drive growth in this market. Our customers will appreciate the service model that Beacon offers, and our employees are excited to join a values-driven team,” commented Derick and Kelly Peterson, Owners of Silver State. Nevin Holly, Beacon’s Regional Vice President, Pacific added, “We are very pleased to welcome Silver State customers and employees. Our focus for the next chapter of this business will be on the customer experience, including tools like Beacon PRO+ to help our contractors build more.”
This acquisition further advances us towards our Ambition 2025 goals. Driving above-market growth is a key element of the plan and we continue to execute well. Year to date in 2023, Beacon has expanded its branch footprint through the completion of four acquisitions and the opening of five new locations.
