Beacon, a leading distributor of building products, announced the acquisition of Metro Sealant, a company that provides sealant and waterproofing solutions for commercial construction. The deal strengthens Beacon’s position as a national leader in specialty waterproofing.
Metro Sealant, founded in 1989, has four branches in Virginia and Maryland, and serves contractors, design professionals, and owners with customized products and services. Garth Viar, Metro Sealant’s CEO, said he was proud to join Beacon’s growing waterproofing division, which covers almost the entire U.S. market. He expressed confidence that Beacon would continue to serve the customers and employees that his family has worked with for over three decades.
Martin Harrell, Beacon’s Division President, Waterproofing, welcomed the Metro Sealant team and praised their technical expertise and dedication to waterproofing, restoration, glass, and glazing. He said that waterproofing products are essential to protect the built environment from storms and extreme weather, and that Beacon’s investment in these products reflects its commitment to provide protection in communities across the country.
This is Beacon’s second acquisition of 2024, following its purchase of Roofing Supply Group, a roofing materials distributor, in January. The company has been exceeding its revenue and shareholder return targets and advancing on its Ambition 2025 plan, which aims to achieve sustainable growth and customer satisfaction.
Beacon, founded in 1928, is a Fortune 500 company that operates over 530 branches in the U.S. and Canada. It offers a wide range of building products, including roofing, siding, and waterproofing, as well as its own private label brand, TRI-BUILT®, and a digital account management suite, Beacon PRO+. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN.