McKINNEY, Texas — SRS Distribution has acquired the wholesale division of Interstate Building Materials.
Terms of the transaction were not disclosed.
Founded in 2008 and headquartered in McKinney, Texas, SRS has grown to become the third largest and one of the fastest growing roofing distributors in the United States.
Originally founded in 1938, Interstate currently operates both a wholesale distribution operation and a vinyl and composite window and door manufacturing operation in Pittston, Pa.
As part of the transaction, SRS has acquired Interstate’s wholesale distribution operation, which carries a full line of exterior building products including residential roofing, vinyl siding, windows and doors, kitchen cabinets, and other complementary products.
Going forward, Interstate will operate as Interstate Window & Door Co. and plans to expand its manufacturing operation under current ownership.
The entire sales and operations team of Interstate’s wholesale distribution operation will stay with SRS. SRS will also transition Interstate’s operating name to Kohl Building Products, which already operates nearby locations in Stroudsburg and Bloomsburg.
Dan Tinker, president and CEO of SRS Distribution, said the company looks “forward to building on the legacy of the Interstate business in the coming years and remaining an important contributor to the local Pittston community.”
“We have been exploring opportunities in the Wilkes-Barre/Scranton market to extend the reach of the Kohl Building Products platform we acquired last year,” Tinker said. “Partnering with the Interstate team will best position our sales and delivery capabilities in the region to provide the highest level of customer service.”
Joseph Pupa III, president of Interstate, said “The Interstate wholesale division team is excited to be joining the SRS family. The resources that SRS brings to bear will strengthen the company’s ability to be a leader in our market. The combination of these strategic resources and added capital will ensure that our customers continue to receive the very best products and services necessary for success in today’s competitive market.”
SRS currently operates 23 distinct local brands encompassing more than 225 locations across 42 states. SRS Distribution is a portfolio company of Leonard Green & Partners L.P. and Berkshire Partners LLC.