SRS Distribution acquires Wimsatt Building Materials
SRS Distribution reported that it has acquired Wimsatt Building Materials a distributor of residential and commercial roofing, siding, windows, and doors.
Based in Wayne, Mich., Wimsatt operates eight locations in both Michigan and Ohio. Terms of the agreement were not disclosed.
Wimsatt was founded in 1936 by James Wimsatt and his brothers and is currently run by Bob Hoffman and his sons Rob Hoffman and Charlie Hoffman.
Charlie Hoffman will continue to lead the company’s team under the Wimsatt banner, ensuring continuity and consistency for customers, suppliers, and employees, SRS Distribution said.
“We could not be more excited to announce our new partnership with Wimsatt,” said Dan Tinker, president and CEO of SRS Distribution. “The company is the preeminent distributor in Michigan and one of the most respected independents in the industry. We have admired their business over the years and I am very excited for what we can now accomplish together.”
SRS continues to be one of the nation's fastest-growing building material distributors through a combination of acquisitions and greenfield openings.
In August, SRS made its 100th acquisition when it bought Weatherpanel based in Buffalo, N.Y. The move was quickly followed up with the purchase of Aloha Roofing Supply in Hawaii. And in April, SRS announced it had opened nine new branches in eight states.
Bob Hoffman, Wimsatt’s CEO and owner, commented, “My family and I have spent most of our lives building Wimsatt’s brand, reputation, and culture and I have always prided myself on being an independent distributor. As such, this was not a decision we took lightly. After contemplating the future and the legacy of the business, we concluded that now was the right time to find a new growth partner. We are confident that Wimsatt and its people will continue to prosper under SRS’ ownership.”
“This transition is simply the next chapter in the long and storied history of Wimsatt,” added Charlie Hoffman, vice president of Wimsatt. “Our commitment to the highest level of customer service will remain unchanged and I have no doubt that we will have more opportunities to deliver on that commitment as part of the SRS family. I too am extremely excited for what the future holds with our two great companies working together.”
Based in McKinney, Texas, SRS Distribution operates more than 500 locations in 44 states.
SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC.
