Peabody’s Roofing Supply Inc. has acquired a Denver-based residential and commercial roofing company.

Fowler & Peth Inc. is a distributor of residential and commercial roofing products and related accessories, headquartered in Denver. Founded in 1948, Fowler & Peth has six locations in Colorado, two in Wyoming and one in Nebraska and annual sales of approximately $60 million.

"We are very pleased to be joining a company that also has a long and successful history in roofing distribution. Fowler & Peth was presented with many strategic opportunities, but we chose to align with Beacon not only because of its size and reputation in the industry but because it shares our belief that success comes from hard work and a commitment to your employees and customers," said Eric ("Ric") Peth, co-owner of Fowler & Peth.

Kurt Peth, co-owner of Fowler & Peth, added: "Joining Beacon will enable Fowler & Peth to grow our business more quickly and presents greater career growth opportunities for our employees. We are excited about our future with Beacon, which shares our core corporate values."

Paul Isabella, Beacon’s CEO and president, emphasized the strategic fit of the acquisition and the compatibility of the two companies.

"Fowler & Peth is an industry leader and allows Beacon to expand our presence in the very important Denver market beyond our existing Denver branch and to serve customers in the surrounding states," said Isabella. "Fowler & Peth is a key component to Beacon’s westward expansion plans and will be a gateway to further geographic growth for our company. I am thrilled to welcome Fowler & Peth to the Beacon team."

In the past year, the company has acquired a Canadian roofing company and roofing distributor.