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Home » Topics » Roofing News

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Richards-Building-Supply

Richards Building Supply to Acquire Midwest Siding Supply

Roofing distributor says acquisition will help serve Chicagoland customer base
Roofing Contractor
Roofing Contractor Staff
July 19, 2023
No Comments

Richards building Supply stated the acquisition supports its mission to be "the leading roofing and building materials distribution network in the U.S. and Canada."


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Private Equity

Omnia Exterior Solutions Partners with Brothers Services in Maryland

Roofing Contractor
Roofing Contractor Staff
July 18, 2023
No Comments

This will be the second company added to Omnia Exterior Solutions’ portfolio, which launched in June 2023 with a partnership with Hoffman Weber in Minneapolis. 


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Distributor News

Beacon Announces 'Private Offering' to Help Finance Stock Buyback

Beacon Announces 'Private Offering' to Finance Stock Buyback
Roofing Contractor
Roofing Contractor Staff
July 17, 2023
No Comments

Beacon officials announced a private offering of $500 million in secured notes payable in 2030 to support their stock buyback plan for repurchasing 400,000 Class A Preferred Stock shares.


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Crime Blotter

Twin Cities Imposters, Posing as Contractor Reps, Vandalize Homes and Swindle Customers

Minneapolis-St. Paul, Minn., community outraged over the scam, and puts local concern’s reputation at put risk
Bryan Gottlieb
Bryan Gottlieb
July 17, 2023
No Comments

A group of men posing as a roofing crew from a reputable Twin Cities roofing concern has been using false credentials to access homes and wreak thousands of dollars in roof damage.


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Perryton_Texas.png

Owens Corning Donates Shingles for Texas Town Ravaged by Tornado

Repairs continue as Panhandle town regroups after EF3 tornado wreaked havoc
Bryan Gottlieb
Bryan Gottlieb
July 13, 2023
No Comments

Owens Corning made a donation of three truckloads of shingles to help the residents of Perryton, Texas, with the huge task of rebuilding. Amarillo, Texas-based Roof Spotters has made helping the Panhandle community its mission.


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Solar News

Solar Integrated Roofing Corp. Announces Upcoming Investor Podcast

The energy company has been in play among investors since April and the C-suite hopes to shore up investor confidence
Roofing Contractor
Roofing Contractor Staff
July 13, 2023
No Comments

Solar Integrated Roofing Corp. will host an investor update podcast with the company’s CEO, Brad Rinehart, and President/COO, Troy Clymer, on Thursday, July 20, 2023.


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PABCO Roofing Products.jpg

PABCO Roofing Products Announces 20-Year Non-Prorated Coverage

Roofing Contractor
Roofing Contractor Staff
July 12, 2023
No Comments

The new 20-year non-prorated, limited lifetime warranty covers Paramount and Cascade Signature Cut shingles, among others.


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Distribution News

Beacon Acquires Crossroads Roofing Supply, Adds Five Branches in Oklahoma

Roofing Contractor
Roofing Contractor Staff
July 12, 2023
No Comments

Beacon Roofing Supply has acquired Crossroads Roofing Supply, Inc., a mainstay operation for residential and commercial contractors in Oklahoma, for two decades. This acquisition is part of Beacon's Ambition 2025 goals, expanding its branch footprint through both acquisition and greenfield-built growth.


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gulfeagle-logo-2021

Gulfeagle Supply Announces Promotions Following Upcoming Retirement of Doug Stringfellow

Roofing Contractor
Roofing Contractor Staff
July 11, 2023
No Comments

According to a news release, Stringfellow plans to retire this fall and help during the transition in leadership.


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Distributor News

Beacon To Repurchase 400K in Preferred Stock, Offers Q2 'Preview'

Share repurchase should simplify the company’s capital structure, reduce diluted share count and provide benefit to stockholders
Roofing Contractor
Roofing Contractor Staff
July 10, 2023
No Comments

Beacon announced an agreement to repurchase all outstanding shares of its Series A Cumulative Convertible Participating Preferred Stock held by Clayton, Dubilier & Rice, LLC; the company also provided a preview of its 2023 Q2 results, which will be announced after the market closes on August 3.


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February 18, 2026

2026 State of the Industry Report

This webinar is a must-attend for all roofing contractors who are looking to understand:

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March 31, 2026

The Number One Reason Roofers Lose Money on Insurance Jobs and How to Fix It

Insurance supplementing is one of the biggest profit leaks on insurance jobs, costing contractors time, money, and control. In this session, we’ll discuss how proper training and process alignment can help teams manage supplementing more effectively keeping key decisions in-house and profits where they belong.

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