SRS Distribution Inc. has acquired Florence Corporation and Amagansett Building Materials.
Florence and Amangansett - a single company - distributes building products, including lumber, roofing, siding, windows and doors, and other related products, with five locations throughout the Long Island area.
The financial terms of the agreement were not disclosed.
Based in Huntington, N.Y., the company was founded in 1946 by Arthur Florence and is run today by Florence’s grandson, Patrick Droesch, and Patrick’s brother-in-law, Rob Holden.
Droesch and Holden will continue to lead the company’s team under the Florence and Amagansett banners, ensuring continuity and consistency for customers, suppliers, and employees, SRS said.
“We are excited to announce our latest partnership with Florence and Amagansett in Long Island,” said Dan Tinker, president and CEO of SRS Distribution. “Patrick, Rob, and the rest of the company’s dedicated employees have built a tremendous business over the years known for its outstanding customer service and quality products.
Tinker noted that the company is a “perfect fit” for the existing SRS presence on Long Island.
SRS operates National Building and Roofing Supplies locations in Farmingdale and Patchogue, N.Y.
“Over the years we have come to know and respect the folks leading SRS and believe we have a strong cultural match thanks to our shared values of honesty, integrity, and trust,” Droesch said.
Founded in 2008 and based in McKinney, Texas, SRS operates more than 600 locations in 44 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC.
“SRS’ financial resources will help us grow faster by investing in our people, branches, products, and technology, which will translate into an even higher level of service for our loyal customers,” Holden said. “We are confident that being part of the SRS family will allow us to become a stronger company and ensure that our future is bigger than our past.”