SRS Distribution acquires AAC Building Materials
North Carolina acquisition allows SRS to enhance coverage in the Southeast.
Just days removed from announcing the launch of a new subsidiary aimed at rapid expansion, SRS Distribution Inc. (SRS) said it has acquired AAC Building Materials (AAC).
Based in Asheville, N.C., AAC is an independent distributor of roofing products and accessories, siding, windows, doors, and other complementary products. AAC was founded in 1959 and currently employs a team of 25 people.
Terms of the deal were not disclosed.
To ensure continuity and consistency for the customers, employees, and supplier partners of AAC, SRS said that co-owners Bob and Lori Harrison – as well as the rest of the AAC team – will be staying with the company to run the operation.
“We are thrilled to be entering the Asheville market through our new partnership with AAC Building Materials,” SRS president and CEO Dan Tinker said in a prepared statement
“AC will make an excellent addition to our Southeast region footprint and allow us to enhance our market coverage between our Knoxville, Greenville, and Charlotte branches. We are honored to have Bob, Lori, and the rest of AAC’s dedicated employees join the SRS Family,” Tinker added.
Bob Harrison, President of AAC Building Materials, commented, “My wife and I are excited to join the SRS Family while still preserving the identity of the company my father started almost 60 years ago. Thanks to the resources and support provided by SRS, we will continue to provide outstanding service for our loyal customers and solidify AAC as the market leader in Asheville for many years to come.”
Last week SRS announced that it had formed a new subsidiary – Heritage Landscape Supply Group, Inc., which is off to a fast start through two acquisitions of its own.
Based in McKinney, Texas, SRS Distribution operates more than 250 locations across 44 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC.
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