Beacon Enhances Waterproofing Services with Acquisition of Metro Sealant & Waterproofing
Beacon, a leading distributor of building materials, has successfully completed its acquisition of Metro Sealant & Waterproofing Supply, Inc., a highly regarded company specializing in sealant and waterproofing solutions in the Mid-Atlantic region. This strategic move reflects Beacon’s commitment to expanding its services in the waterproofing sector.
The acquisition includes Metro Sealant’s headquarters in Springfield, VA, along with three additional branches, ultimately bolstering Beacon’s presence in the market. With a remarkable 35-year history, Metro Sealant has solidified its position as a trusted provider of expertise in commercial construction waterproofing, catering to contractors, design professionals, and owners.
Garth Viar, CEO of Metro Sealant, expressed his pride in joining forces with Beacon, particularly in relation to their rapidly expanding waterproofing division. As Beacon’s Division President, Waterproofing, Martin Harrell lauded the technical prowess of the Metro Sealant team and underscored the critical role that waterproofing products play in safeguarding against extreme weather conditions.
The acquisition perfectly aligns with Beacon’s overarching goal of distributing specialty products and providing protection to communities throughout the country. Notably, this marks Beacon’s second acquisition of the year, with a strong focus on achieving above-market growth and meeting the targets outlined in its Ambition 2025 plan, which encompasses revenue and shareholder returns.
Founded in 1928, Beacon boasts an extensive network of over 530 branches across the United States and Canada, servicing close to 100,000 loyal customers. This latest acquisition further affirms Beacon’s position as a leader in the building materials distribution sector and showcases the company’s proactive approach to meeting the evolving needs of its clientele.
Analyst comment
This news can be evaluated as positive. With the acquisition of Metro Sealant & Waterproofing, Beacon expands its services and strengthens its presence in the market. This move aligns with Beacon’s goal of achieving above-market growth and meeting its targets. As a result, the market is expected to see increased competition and a wider range of waterproofing solutions.
