Beacon Announces Acquisition of Specialty Waterproofing Distributor – DM Figley
Expands Beacon’s Specialty Waterproofing Division to Nearly 60 Branches Nationwide
Further Supports Ambition 2025 Plan to Drive Above Market Growth via Multiple Platforms and Enhanced Customer Reach
HERNDON, Va.–(BUSINESS WIRE)–Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has acquired DM Figley Company, Inc. (“DM Figley”). DM Figley, which is headquartered in Menlo Park, California, is a wholesale distributor of sealants, waterproofing & concrete repair materials, serving customers throughout California with additional locations in Anaheim, Oakland, Sacramento and San Diego.
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DM Figley (Photo: Business Wire)
“Since 1970, DM Figley has been synonymous with providing quality products for the construction professional, including sealants, waterproofing, epoxies, protective coatings and repair systems. We take pride in our gold-level service, positioning our company as the go-to resource for product information and updates. By combining forces with Beacon’s Waterproofing team, we will join a multi-platform business with a broader geographic footprint, enabling us to better serve customers and create opportunities for our team members,” commented Janet DiGioia, DM Figley’s CEO.
“We are thrilled to welcome DM Figley employees to Beacon’s Waterproofing Division – which now consists of nearly 60 branches across the U.S. DM Figley is an industry-leading distributor with strong customer relationships and great technical know-how, further strengthening our nationwide platform. As part of Beacon, DM Figley’s customers will have the opportunity to maintain local relationships built over decades while benefiting from Beacon’s expanded service offerings,” said Martin Harrell, Beacon’s Division President, Waterproofing.
About Beacon
Founded in 1928, Beacon is a publicly-traded Fortune 500 company that distributes specialty building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 580 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of approximately 110,000 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.
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