Beacon Roofing acquires Phoenix Sales
Beacon Roofing Supply Inc. has acquired Phoenix Sales Inc., a Florida-based distributor of commercial roofing systems and related accessories.
With branches in Tampa, Orlando, Pompano and Ft. Myers, Phoenix had sales of approximately $20 million in 2009. Scott Hall and Jim Coston, who co-founded Phoenix, will remain part of Beacon's regional leadership team.
Mr. Hall stated, "We are very excited to join Beacon as it expands its presence in the Florida market. Joining Beacon will enable Phoenix to better serve our customers in many ways, including through expanded product offerings," said Hall.
Jim Coston added that joining Beacon also presents a "fantastic opportunity for our employees, as Beacon's size and reputation in the industry will allow us to grow our business, which will benefit the entire Phoenix team."
Paul Isabella, Beacon's president and COO, emphasized the strategic fit of the Phoenix acquisition to Beacon's growth in Florida. "We now have a strong commercial roofing presence in Central Florida to accompany our recently-acquired residential roofing business. Florida presents a great long-term growth opportunity for our company and we are committed to expanding our footprint in Florida," he said.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
