Barry Segal, CEO of Bradco Supply, has officially announced his retirement from the company he founded in 1966.
Segal left a position with H. Verby & Co. in Long Island, N.Y., that year to begin his own roofing supply business in central New Jersey. The company has since grown into one of the nation’s largest suppliers of building materials.
Ted Boylan, founder of Admiral Supply, will succeed Barry Segal as CEO.
Much of the day-to-day operations of the business will stay in the Segal family. Barry’s oldest son Brad Segal, will be named chief operating officer in addition to his current role as company president. Barry’s youngest son, Martin Segal, now serves as company vice president.
Bradco Supply serves both the commercial and residential builders with 155 locations in 30 states. The company stocks a wide variety of products including roofing, siding, windows, skylights, decking, doors and tools. Some locations also offer kitchen cabinets and countertops.
Bradco supply was ranked eighth on the HCN Top 350 Pro Dealers Scoreboard, with 2006 sales of $1.9 billion, up 9.5 percent from the previous year.