Beacon Roofing Supply, Inc. (Nasdaq: BECN) announced today that it has acquired Lookout Supply Company, a distributor of roofing systems and related accessories with one branch in Chattanooga.
Steve Persinger, president of Lookout who will continue with Lookout as part of Beacon's regional leadership team, stated, "We are very pleased to be joining Beacon not only because of its size and reputation in the industry but because Beacon shares Lookout's belief that success comes from hard work and a commitment to your employees and customers. This is a very exciting time for us."
Pat Murphy Sr., vice president of Beacon's Southeast Region, which includes Beacon's Tennessee locations, emphasized the strategic fit of the Lookout acquisition and the compatibility of the two companies.
He stated, "Lookout provides Beacon with an excellent opportunity to enhance our current presence in Tennessee and to enter the Chattanooga market. Equally important is that Lookout shares Beacon's core values of integrity, loyalty and a commitment to its employees and customers."
About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 173 branches in 37 states in the United States and in three provinces in Eastern Canada. Website: www.beaconroofingsupply.com.