SRS Acquisition Corporation announced that it has completed the acquisition of Rowe Supply Inc., a leading independent distributor of residential and commercial roofing in the Savannah, Ga., and Hilton Head, S.C., markets.
- SRS Acquisition Corporation announced that it has completed the acquisition
of Rowe Supply Inc., a leading independent distributor of residential and commercial
roofing in the Savannah, Ga., and Hilton Head, S.C., markets.
Rowe Supply, a privately owned company with 14 employees,
was founded in 1978 and currently operates one location in Savannah, while a second location in Hilton
Head is currently under construction and set to open in early 2009.
Rowe Supply has developed a strong reputation for superior
customer service and SRS intends to immediately build on this platform for
growth in the Coastal Carolina and Georgia markets. Rowe Supply currently
services both new construction and re-roof segments of the residential and
commercial roofing markets in he Savannah
ad Hilton Head corridor
The transaction is structured as an asset purchase. The
president of Rowe Supply, Pete Rowe, will be transitioning to a consulting
role, and Jim Lynes will serve as the regional manager for his new SRS
division, which will ensure continuity and consistency for the customers,
employees and suppliers of Rowe Supply.
Headquartered in McKinney, Texas, SRS Acquisition Corporation is a building products
distributor holding company that currently operates 10 locations in Florida, Texas and Illinois under the names: Suncoast Roofers Supply (Fla.), Southern Shingles (Texas),
and Wilson Wholesale (Illinois).
For more information, visitwww.srsicorp.com.
SRS Acquisition Corporation Acquires Rowe Supply Inc.
October 16, 2008