Beacon Expands Waterproofing Division With DM Figley Acquisition

Core Viewpoint - Beacon Roofing Supply, Inc. (BECN) has acquired DM Figley Company, a specialty waterproofing distributor, to enhance its market presence and align with its Ambition 2025 growth strategy [1][2][4]. Group 1: Acquisition Details - DM Figley, based in Menlo Park, CA, has been a wholesale distributor of sealants and waterproofing materials since 1970, serving various locations in California [2]. - The acquisition integrates DM Figley into BECN's Waterproofing Division, which now operates nearly 60 branches across the U.S., enhancing customer relationships and technical expertise [3]. Group 2: Ambition 2025 Plan - BECN's Ambition 2025 plan focuses on above-market growth through acquisitions and new branch openings, aiming to enhance customer service [4]. - From January 1, 2022, to December 31, 2024, BECN has acquired 26 companies, adding 85 branches to its portfolio [4]. Group 3: Performance Metrics - In 2024, BECN has opened 19 new greenfield locations and acquired 42 branches, with digital sales increasing by 24.1% year over year [6]. - BECN's shares have gained 39.6% over the past six months, significantly outperforming the Zacks Building Products – Retail industry's growth of 4.6% [9].