BayWa r.e. today announced it has acquired Beacon Solar, the solar distribution division of Beacon (Nasdaq: BECN), the largest publicly traded roofing distributor in the U.S.
Beacon Solar will be fully integrated into BayWa r.e. Solar Systems LLC, the US solar distribution business. The addition of the Beacon Solar network will increase the number of BayWa r.e. warehouses from six to 16, reducing delivery times in many parts of the country including many key US solar markets, and represents a platform for BayWa r.e.’s continued growth. The company’s line card will expand to include Beacon’s key relationships with solar suppliers, and BayWa r.e.’s team will also broaden, enabling higher service levels in many geographies. In the coming months Beacon and BayWa r.e. plan to explore further collaboration to increase choices for customers, offering solar and roofing products nationwide.
“The Beacon culture has much in common with BayWa r.e.’s – a team orientation, entrepreneurial spirit, and focus on customer service excellence,” said Boaz Soifer, Regional Director Solar Trade at BayWa r.e. “The expansion of our footprint and team, new product offerings, and the opportunity to cross-sell solar and roofing equipment to our network enhances our ability to deliver clean energy and home improvement solutions to our customers, and further establishes us as a market leader in US solar distribution.”
“BayWa r.e. is one of the most respected brands in the clean energy business. I am confident that they will take what we’ve started at Beacon Solar to the next level,” said Julian Francis, Beacon’s President and CEO. “The BayWa r.e. team is uniquely situated to provide the best service for our solar customers and the best opportunities for Beacon Solar employees.”
Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 400 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 90,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.