Beacon Completes Acquisition of SSR Roof Supply Ltd.

Author

Slice of Real Estate Team
August 08, 2024

Key Highlights:

  • Beacon acquires SSR Roof Supply Ltd., expanding its footprint in Vancouver.

  • SSR operates branches in Burnaby and Surrey, serving residential and commercial contractors.

  • Beacon's acquisition enhances product catalog and services for contractors.

  • SSR's history of quality service and family-owned values continues under Beacon.

  • Beacon aims to reach 80% of British Columbia's population with its expanded network.

Source (Business Wire)

Notable Quotes:

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“We are proud of our history as a family-owned company dedicated to serving our customers’ needs with quality products and face-to-face service. Joining forces with Beacon will bring our customers a more robust catalog of products as well as services that help contractors run their business more efficiently.”

Raj, Sunil, and Surinder Bath, part of the Bath family (family-owned business) at SSR
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“The Bath family has built an impressive business supporting the fast-growing Vancouver market. We are thrilled to welcome the SSR employees to Beacon and further expand our Canada-wide customer service. We now have a total of three branches in British Columbia and can reach almost 80% of the province’s population to supply materials for new construction, repairs, and remodeling.”

Charles Michaud, Regional Vice President at Beacon

Our Take:

Beacon's strategic acquisition of SSR Roof Supply Ltd. is a significant move that underscores its commitment to expanding its market presence and enhancing service capabilities in Canada. With SSR's strong reputation and established customer base in Vancouver, this acquisition will bolster Beacon's ability to offer a comprehensive range of products and services to both residential and commercial contractors. Additionally, this move aligns with Beacon's growth strategy, evidenced by its ambitious footprint expansion and its achievement of key financial targets in 2023. The integration of SSR into Beacon's extensive network not only enhances service delivery but also positions Beacon to capture a larger market share in British Columbia, effectively reaching a substantial portion of the province's population.