SRS Distribution (“SRS” or “the Company”) announced today that it is in the final stages of acquiring Advanced Building Products (“Advanced”), a leading regional independent distributor of roofing, siding, windows, gutters and related residential and commercial building products, supplies and services. Advanced is headquartered in Harahan, Louisiana and maintains additional locations in Baton Rouge, Lafayette, and Lake Charles, Louisiana as well as Huntsville, Alabama and Oklahoma City, Oklahoma. The transaction which is subject to standard closing conditions is scheduled to close on May 29th.
Advanced was founded in 1983 and currently employs a team of over 100 people. Advanced’s product mix includes all residential and commercial roofing products, vinyl siding, fiber cement siding, windows, gutters, columns and patio enclosures. Kris Anderson, the Owner, and Advanced’s entire sales and operations team will be staying with the company to run the branches going forward. Kris will serve as District Manager for the state of Louisiana and report directly to John Bradberry, SVP Central Region. SRS will continue to operate Advanced’s locations in Louisiana under the Advanced Building Products name as a new stand-alone region. Over time, Advanced’s locations in Huntsville, Alabama and Oklahoma City, Oklahoma will likely migrate to SRS’ existing brands in those markets.
Ron Ross, Chairman and CEO of SRS Distribution, commented, "Kris has been a good friend of SRS for many years and his values and those of his employees are similar to ours, which makes our partnership a natural fit for both companies. A fellow member of the American Wholesale Distributor Alliance and a market leader across Louisiana, Advanced is a key component to SRS’ expansion plans in the Gulf Coast region. We are thrilled to partner with Kris and are honored to have the hard-working employees of Advanced join the SRS family.”
Kris Anderson, President and Owner of Advanced, added, “Advanced was presented with multiple strategic opportunities, but we chose to align with our friends at SRS. I have known the leadership team of SRS for a long time and look forward to continued growth at Advanced with the power of SRS’ additional resources. Advanced truly has the most dedicated, knowledgeable and longest-tenured employees in the market. Together with SRS, we are excited to improve on our winning formula and continue to serve our customers and the great people of Louisiana, Alabama and Oklahoma.”
Headquartered in McKinney, TX, SRS is a roofing distribution holding company that with the addition of Advanced Building Products will include 149 locations in 38 states operating under the names: Suncoast Roofers Supply (FL), Southern Shingles (TX/OK/LA/AR), SRS Roofing Supply (AL/MS), Rowe Supply (GA/SC), Atlanta Roofing Supply (GA), Cannon Supply (SC), Columbia Wholesale (SC), Midwest Roofing Supply (IL/MN/IA/OH/MI/NE/IN), D.J. Roofing Supply (KS/MO), Gary-Hobart Roofing Supply (IN), River City Wholesale (KY), Superior Distribution (TN/MD/VA/NC/SC), Shake & Shingle Supply (CO/KS/MO/IL), Roofline Supply (OR/WA/CA/UT/AZ/ID/HI), Stoneway (WA), Pace Supply (PA/NJ), Heritage Wholesalers (MA/NH/CT), Myles F. Kelly (NJ/NY), Sierra Roofing Supply (NV), Commercial Distribution Specialists (TX), B&L Wholesale Supply (NY/PA) and Advanced Building Products (LA/AL/OK). SRS is a portfolio company of Berkshire Partners LLC.