Bradco Supply acquires Dynamic Roofing & Siding Supply
Bradco Supply, a national distributor of roofing supplies, siding, windows and other complementary exterior building materials, announced that it has acquired Dynamic Roofing & Siding Supply of Warminster, Pa. Dynamic has served contractors and builders in the Warminster area since 1976. Bradco will continue to provide area professionals with quality products, competitive prices and the best customer service in the industry. Ray Ace has been named branch manager, and Barbara Krumins of Dynamic Roofing & Siding Supply will remain on to ensure a smooth transition period.
“We believe that this is an excellent opportunity for Bradco, one that further strengthens our presence in the Montgomery-Bucks-Philadelphia Counties region,” said Martin Segal, VP acquisitions for Bradco Supply. “Bradco is focused on growth and building our business for the long term, and we will continue to capitalize on our leading market positions and strong balance sheet to further consolidate the roofing supply industry.”
Bradco was founded in 1966 and has grown over the years to become one of the nation’s leading distributors of roofing supplies and complementary exterior building products. The company currently operates more than 130 locations throughout 30 states, including eight offices throughout Pennsylvania. Bradco is always looking for opportunities to expand its business, and inquiries can be directed to Martin Segal at 732-382-3400 or at [email protected].
EarthTronics launches wind energy system
The Honeywell Wind Turbine, a wind energy system for home and business owners, will be available in fall 2009 through launch partner Ace Hardware, manufacturer EarthTronics announced.
The unit, which the manufacturer says has a higher performance output and lower installed cost per kilowatt than any other unit on the market, will be sold for a suggested retail price of $4,500.
The Honeywell Wind Turbine allows consumers to harness wind as an energy source and can reduce the average home energy bill by 18%, the company said. The turbine generates energy from its gearless Blade Tip Power System that eliminates mechanical resistance and drag.
This technology allows the turbine to generate power in wind speeds as low as two miles per hour and as high 45 miles per hour, without the typical noise associated with wind turbines. The Blade Tip Power System also provides greater efficiency at reduced cost.
“Consumers are seeing a more carbon neutral lifestyle,” said Reg Adams, president of EarthTronics. “The Honeywell Wind Turbine enables this lifestyle via wind technology an alternative energy source, while also reducing monthly electric bills.”
Muskegon, Mich.-based EarthTronics, developer of the Earth Bulb compact fluorescent CFL lighting brand, is dedicated to alternative energy technologies, marketing and distribution with global manufacturing infrastructure.
According to Ace spokesman Christopher Boniface, the Honeywell Wind Turbine will be initially sold exclusively at participating Ace stores.
Home builder enters Phoenix market
Joseph Carl Homes, a start-up home-building firm, has announced its entry into the Phoenix market. Founded by Carl Mulac, the former president of Engle Homes, the company will initially focus on building homes in existing developments in Phoenix and its surrounding communities. Its first project will involve construction lots in Arboleda Ranch, a gated community near downtown Phoenix.
The company has secured funding from JEN Partners, a New York-based real estate private equity firm, according to the announcement. Other residential and land companies developed by JEN Partners executives include MJ Brock (later acquired by Ryland), Pacific Greystone (later acquired by Lennar) and Greenpark.
Engle Homes was a division of Florida-based home builder Tousa, which declared Chapter 11 bankruptcy in 2008 and wound down its operations this year.