SRS grows in three markets
SRS Distribution has opened three new locations in Kissimmee, Fla.; Arlington, Wash.; and Fredericksburg, Va.
Each location will carry a full line of residential and commercial roofing products and focus on servicing professional roofing contractors, remodeling contractors, and local homebuilders, the McKinney, Texas-based company said.
The opening of a new location in Kissimmee marks the third SRS location in the Orlando metro area and complements the recent addition of Willoughby Supply’s South Orlando branch in December 2017.
The Arlington, Wash. is the roofing and building products distributors 8th location in the Puget Sound region and its 4th new location in the Seattle market in the last three years following branches in Olympia, Bremerton, and a dedicated commercial roofing location in Fife.
All three greenfield locations were opened in direct response to customers needs and requests for both additional market coverage and delivery capacity to support SRS growth, the company said in a statement.
Last month SRS expanded its operations in Nebraska and South Dakota.
The new Kissimmee unit will operate as a Suncoast Roofers Supply location, Arlington will operate as a Stoneway Roofing Supply location, and Fredericksburg will operate as a Superior Distribution location.
"We are excited to continue our network expansion with these three important greenfield locations. Each new location represents a thoughtful and planned addition to three of our strong legacy platforms as we continue to back talented and seasoned veterans to expand our geographic reach and gain scale in both existing and new markets,” said Dan Tinker, president and CEO of SRS Distribution.
In the meantime, SRS is being acquired by Leonard Green and Partners LP – a Los Angeles-based private equity firm. While terms of the deal have not been disclosed, estimates put the purchase price at approximately $3 billion in a transaction expected to close by June.
SRS operates 220 locations in 42 states and is a portfolio company of Berkshire Partners LLC.
Each location will carry a full line of residential and commercial roofing products and focus on servicing professional roofing contractors, remodeling contractors, and local homebuilders, the McKinney, Texas-based company said.
The opening of a new location in Kissimmee marks the third SRS location in the Orlando metro area and complements the recent addition of Willoughby Supply’s South Orlando branch in December 2017.
The Arlington, Wash. is the roofing and building products distributors 8th location in the Puget Sound region and its 4th new location in the Seattle market in the last three years following branches in Olympia, Bremerton, and a dedicated commercial roofing location in Fife.
All three greenfield locations were opened in direct response to customers needs and requests for both additional market coverage and delivery capacity to support SRS growth, the company said in a statement.
Last month SRS expanded its operations in Nebraska and South Dakota.
The new Kissimmee unit will operate as a Suncoast Roofers Supply location, Arlington will operate as a Stoneway Roofing Supply location, and Fredericksburg will operate as a Superior Distribution location.
"We are excited to continue our network expansion with these three important greenfield locations. Each new location represents a thoughtful and planned addition to three of our strong legacy platforms as we continue to back talented and seasoned veterans to expand our geographic reach and gain scale in both existing and new markets,” said Dan Tinker, president and CEO of SRS Distribution.
In the meantime, SRS is being acquired by Leonard Green and Partners LP – a Los Angeles-based private equity firm. While terms of the deal have not been disclosed, estimates put the purchase price at approximately $3 billion in a transaction expected to close by June.
SRS operates 220 locations in 42 states and is a portfolio company of Berkshire Partners LLC.