SRS Distribution Announces Upcoming Acquisition of B&L Wholesale Supply
MCKINNEY, Texas — SRS Distribution has announced that it has reached an agreement to acquire B&L
Wholesale Supply, a preeminent distributor of roofing and related residential and commercial building products, supplies and services. The acquisition of Rochester, N.Y.-based B&L is the largest in SRS’ history and adds four locations across New York and Pennsylvania. Terms of the purchase were not disclosed.
B&L was founded in 1950 and currently employs a team of more than 225 people. B&L services a primary market area of Western New York, Eastern and Central Pennsylvania and Northeastern Ohio. B&L’s customer base includes roofing contractors (both residential and commercial), large homebuilders and home improvement contractors. Don Tomeny, Bob Latour and Art Finocchario, joint owners, and B&L’s entire sales and operations team will be staying with the company to run the branches going forward, which will ensure continuity and consistency for the customers, employees and suppliers of B&L. SRS will continue to operate these branches under the B&L Wholesale Supply name as a new stand-alone region.
Ron Ross, chairman and CEO of SRS Distribution, commented, “We are excited to begin this new chapter in our history with the strategic acquisition of B&L. A fellow member of the American Wholesale Distributor Alliance and a market leader, B&L is a company we have followed and admired for some time and is a key component to SRS’ expansion plans in the Northeast. Being from Upstate New York myself, it has been a long-term goal to have a business in this region, and I could not ask for a better company than B&L to end up being our platform in my home state. We are thrilled to partner with Don, Bob and Art and look forward to welcoming the entire B&L team into the SRS family.”
Don Tomeny, President of B&L, added, “B&L was presented with many strategic opportunities, but we chose to align with our friends at SRS and are very excited about the future. We believe that this is the ideal time for this partnership as it establishes a strong foundation for our next phase of growth. The combination of SRS’ additional resources along with our customer-first approach will provide a huge opportunity for growth. Together, we look to provide many new career development opportunities for our employees and expand on our long track record of success in the coming years.”
Headquartered in McKinney, Texas, SRS is a roofing distribution holding company that, with the addition of B&L Wholesale Supply, will include 136 locations in 37 states.
For more information, visit www.srsicorp.com.
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