Beacon completes Roofing Supply Group deal

Beacon Roofing Supply has wrapped up its previously announced acquisition of Roofing Supply Group for a cool $1.1 billion.

"We are pleased to announce the completion of the RSG acquisition and we look forward to an efficient integration of these two great companies," said president and CEO Paul Isabella. "I want to thank the Beacon and RSG teams who worked together tirelessly and cooperatively to complete the successful financing of the transaction and closing process efficiently and on schedule. Today’s combining of our talented employees will help drive growth, enhance service to our valued customers, offer better career opportunities to all of our employees, and create even greater value for our shareholders. This is a milestone day in the long and successful history of Beacon.”

Roofing Supply Group was previously owned by investment firm Clayton, Dubilier & Rice ("CD&R").

Beacon also appointed Nathan Sleeper, a partner at CD&R, and Philip W. Knisely, former Chairman of RSG and an advisor to the CD&R funds, to its board of directors, effective immediately.

"We are pleased to welcome Nate and Phil to our Board of Directors," said Robert R. Buck, Beacon's chairman. "Their broad executive and operational experience, particularly in industrial distribution and acquisitions, will be extremely valuable for Beacon as we move forward with our planned growth and development.”

With the acquisition accounted for, Beacon is now the largest publicly traded roofing materials distributor in the U.S., with approximately $3.6 billion in pro forma revenues. Beacon also now has 359 locations in 45 states.