SRS Distribution, one day after confirming it will sell a majority stake in the specialty dealers to a private equity firm, announced today it acquired Contractors Siding, Windows & Roofing Supply of Omaha, Neb.
Contractors has locations in Omaha, Lincoln, Grand Island, and South Sioux City, Neb.; as well as Sioux Falls, S.D. Founded in 1977, the 40-person staff and management will stay with the company and the Contractors name will continue.
The purchase gives McKinney, Texas-based SRS its first operation in South Dakota and 42nd state overall. It also increases to 217 the number of locations SRS runs under 23 different names.
The No. 9 company on the ProSales 100 is one of the nation's fastest-growing and most acquisitive. Currently controlled by Berkshire Partners, SRS confirmed April 26 that the private equity firm Leonard Green & Partners (LGP) will buy a majority stake in a deal expected to close by early June. Berkshire Partners will retain a stake, as will SRS managers, he said. Tinker declined to comment on a Reuters report that the deal is worth $3 billion, including the assumption of debt.