SRS Distribution acquired Florence Corporation and Amagansett Building Materials, a distributor of a broad line of building products, including lumber, roofing, siding, windows and doors, and other related products with five locations throughout the Long Island area. Terms of the deal were not publicly disclosed.
“We are excited to announce our latest partnership with Florence and Amagansett in Long Island. Patrick [Dreosch], Rob [Holden], 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,” Dan Tinker, president and CEO of SRS Distribution, said in a press release. “The company is a perfect fit with our existing operation on Long Island and together we will continue to build upon the legacy Patrick’s grandfather began more than 75 years ago.”
Huntington, N.Y.-based Florence Corporation and Amagansett Building Materials was founded in 1946 by Arthur Florence. The company is currently run by Florence’s granson, Patrick Droesch, and Patrick’s brother-in-law, Rob Holden. Holden said SRS’s financial resources will help Florence and Amagansett grow faster, by investing in employees, branch locations, products, and technology. According to SRS, Droesch and Holden will continue to lead the company under the Florence and Amagansett banners, ensuring continuity and consistency for customers, suppliers, and employees.
“We are thrilled to announce that Florence and Amagansett are joining the SRS family of independents,” Droesch said. “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.”
McKinney, Texas-based SRS Distribution is a portfolio company of Leonard Green & Partners and Berkshire Partners. SRS operates a family of distinct local brands encompassing more than 600 locations across 44 states.
