This article originally appeared on our sister site, PROSALES.
Beacon Roofing Supply announced its acquisition of Tri-State Builder's Supply of Duluth, Minn., a dealer that sells roofing, siding, windows, and doors across much of Minnesota, northern Wisconsin, and Upper Michigan.
Owner and president Mark Peterson will remain with the company, which was founded in 1952.
"Combining Tri-State with our existing Roof Depot and new Allied branches expands our footprint in the region and enhances our ability to service our Minnesota, northern Wisconsin and Upper Michigan customers," Beacon president and CEO Paul Isabella said in a news release. Referring to Beacon's takeover in January of Allied Building Products, he added: "The Tri-State acquisition also demonstrates that Beacon has the financial and operational capacity to capitalize on the momentum of the Allied deal by continuing to add high-quality companies to our organization. I look for that trend to continue during the rest of 2018 and beyond.”
Beacon ranks third on the current ProSales 100, with more than 360 branches in the U.S. and a couple dozen more in Canada. It posted sales of $1.12 billion for its fiscal first quarter that ended Dec. 31. That's a 12% rise from the year-earlier period. Operating income grew 4.5% to $49.1 million.