Beacon Roofing Supply, the Peabody, Mass., distributor of roofing and other housing exterior materials, has announced the acquisition of Fowler & Peth, a distributor of residential and commercial roofing products and related accessories headquartered in Denver.
Founded in 1948, Fowler & Peth has six locations in Colorado, two in Wyoming and one in Nebraska. Annuals sales are approximately $60 million.
Kurt Peth, co-owner of Fowler & Peth, said in a prepared statement: "Joining Beacon will enable Fowler & Peth to grow our business more quickly and presents greater career growth opportunities for our employees. We are excited about our future with Beacon, which shares our core corporate values."
Paul Isabella, Beacon's CEO and president, emphasized the strategic fit of the acquisition and the compatibility of the two companies. “Fowler & Peth allows Beacon to expand our presence in the very important Denver market beyond our existing Denver branch and to serve customers in the surrounding states. Fowler & Peth is a key component to Beacon's westward expansion plans and will be a gateway to further geographic growth for our company.”
Beacon Roofing Supply is a leading distributor of roofing materials and complementary building products operating 194 branches in 38 states in the United States and across Canada.