|PEABODY, MA -- (BUSINESS WIRE) Beacon Roofing Supply, Inc. has acquired Roof Depot, Inc., a Minnesota-based distributor of residential and commercial roofing and other related building products with locations in Minneapolis and Stillwater, Minn.
Founded in 1987, Roof Depot employs 70 associates and generated net sales of approximately $31 million for its fiscal year ended December 31, 2005. The Minnesota facilities will continue to operate under the Roof Depot name.
Mike McGrath, President of Roof Depot, stated, "Our team of hard-working and dedicated employees are thrilled to be joining the fast-growing Beacon team and recognize the benefits of combining talents and resources to accelerate our growth opportunities for the future. Beacon was our preferred acquirer from day one due to its company culture and management philosophy, both of which are closely aligned with Roof Depot's."
Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 151 branches in 31 states in the Northeast, Mid-Atlantic, Midwest, Central Plains, Southeast, Southwest and Western regions of the United States and in Eastern Canada.