Beacon Expands in Midwest with Midway Wholesale Acquisition
Beacon announced the acquisition of Midway Sales & Distributing, Inc., a prominent Midwest distributor of residential and commercial exterior building and roofing supplies, as well as a diverse range of ancillary items for contractors, homebuilders, and retail customers.
Midway Wholesale has a great reputation for quality and dependability, servicing consumers at ten locations in Kansas, Missouri, and Nebraska.
The acquisition expands Beacon’s already strong foothold in the Midwest, with annual sales of around $130 million.
“The Midway team looks forward to joining forces with Beacon. Our business has grown successfully since incorporation in 1974 by providing customers with superior service and taking care of our employees,” said Midway Vice President John Ossello.
“We look forward to the investments Beacon will be able to make that further our partnership with customers and develop our team’s potential.”
“We are pleased to welcome Midway’s employees and customers to the Beacon team as we help build the next chapter of the company’s story,” Beacon President and CEO Julian Francis stated.
“Expanding our depth of service in the Midwest will bring Midway customers the opportunity to benefit from Beacon’s digital solutions, TRI-BUILT product line and OTC network. With this acquisition, our strategic initiative for growth takes on a new lever, adding a high-quality team and key locations to further drive our performance.”
Beacon, founded in 1928, is a Fortune 500, publicly listed distributor of roofing materials and associated building supplies in North America, with over 400 branches in all 50 states and six provinces.
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