Beacon announces strategic investment and partnership with Renovate Robotics

Beacon (BECN) announced a strategic investment and partnership with Renovate Robotics, a company in roofing automation. Renovate Robotics Renovate Robotics, based in Brooklyn, New York develops autonomous roofing robots with a focus on making roofing safer and more productive for contractors. Their first robot, Rufus, installs asphalt shingles on residential roofs and is expected to launch with contractors in New Jersey and Pennsylvania later this year. “This technology has the potential to disrupt the roofing industry where labor is a scarce resource, and we are excited to be an early partner that can help shape its development,” commented Julian Francis, Beacon’s President and CEO. “Renovate Robotics’ mission perfectly aligns with Beacon’s focus on safety and efficiency, and we look forward to incorporating their advanced robotic technology across our network to better serve our contractor customers.”