Latham & Watkins Advises on Beacon’s Secondary Offering of Common Stock

Beacon (NASDAQ: BECN), a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing, has announced the pricing of the previously announced underwritten secondary public offering of 5,218,134 shares of Beacon's common stock by CD&R Boulder Holdings, L.P., an entity affiliated with Clayton, Dubilier & Rice, LLC. RBC Capital Markets is acting as the sole underwriter in the registered public offering of these shares. The offering is expected to close on January 22, 2024, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents the underwriter in the offering with a team led by New York partners Corey Wright and Andrew Blumenthal, with associates Angel Marcial, James Dorian, and Ilan Lavian. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Ted Gkoo.