Beacon Roofing Supply, Inc. (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 million 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 December 11, 2023, subject to the satisfaction of customary closing conditions.
Latham & Watkins LLP represented the underwriter in the offering with a team led by New York partners Corey Wright and Andrew Blumenthal, with associates Angel Marcial, Alex Gulino, and Ilan Lavian. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim, with associate Ted Gkoo.