Bradco acquires a North Carolina roofing distributor
Building material and roofing leader Bradco Supply acquired Insulation Systems Inc. (ISI), a distributor of commercial roofing products with three offices throughout North Carolina. The move marks Bradco’s sixth expansion or acquisition over the past 12 months.
Avenel, N.J.-based Bradco, No. 7 on last year’s Home Channel News Top 350 Pro Dealers Scoreboard with 2008 revenues of $1.7 billion, will continue to operate the three branches under the ISI name. Dewey Haizlip, former owner of ISI, will remain on board to help with the transition. Terms of the deal were not disclosed.
“Bradco is very excited about our acquisition of Insulation Systems Inc., as we believe it will serve to strengthen our commercial roofing presence in North Carolina, while complementing Bradco’s existing four branch locations in Charlotte, Raleigh, Wilmington and Greensboro,” said Martin Segal, VP acquisitions for Bradco. “We are pleased to welcome Dewey Haizlip and all the employees of ISI into the Bradco family. Bradco and ISI remain committed to providing area contractors with a broad range of products and the best customer service in the industry.”
ISI maintains headquartered at 711 Camann St. in Greensboro, with its two other offices located at 2323 Hickory Lane in Charlotte and at 516 S. New Hope Rd. in Raleigh.
The ISI acquisition marks its sixth expansion over the past 12 months and its first in 2010. In October, Bradco acquired Premier Supply of Denver. In June it acquired Dynamic Roofing & Siding Supply of Warminster, Pa. And in April, Bradco acquired Quality Roofing Supplies of Schenectady, N.Y.
Bradco currently operates more than 130 locations throughout 30 states.
Motorized blinds get green
Online window coverings retailer Blinds Chalet unveiled a motorized blinds product with the added benefit of environmental friendliness.
The company’s motorized EcoGreen Window Shades offer EcoGreen fabrics that are free from PVC and that also contain no volatile organic compounds, according to the Phoenix-based company.
While Blinds Chalet has offered cordless blinds and motorized blinds for years, the new line marks the first of an environmentally friendly line of blinds with motorized lifts. “Our goal is to combine safety, environmental responsibility and style in one blind,” said Chris Stanley of Blinds Chalet. “The EcoGreen line delivers on all three of these.”
Around the Web: Rylee’s Ace expands
Rylee’s Ace Hardware of Grand Rapids, Mich., will triple its footprint when it reopens March 22 in a new location.
The store was opened in Grand Rapids in 1946.