Florida-based Gulfeagle Supply has entered into an agreement to acquire Elite Roofing Supply, a prominent roofing distributor based out of Phoenix, Ariz. Elite has 26 branches and was founded 11 years ago.

The transaction is expected to close June 2024, subject to regulatory approvals and customary closing conditions. Financial details were not disclosed. With completion of the acquisition, the partnership will result in a combined total of 141 branches nationwide, making it the fourth largest distribution in the United States.

“Elite is a top-notch organization with a quality management team, and we are so excited to have them join our team," said Brad Resch, president of Gulfeagle. "They share our same values, and this couldn’t be a better fit to allow us to better serve our contractors, employees, and vendors.”

Sarah Weiss, CEO of Elite Roofing Supply, expressed excitement about the pending acquisition.

"The alignment of Gulfeagle and Elite reflects a shared commitment to being the employer of choice within the industry," she said. "We are eager to merge our strengths while maintaining a family-owned approach and providing customers with a national presence." 

Until the transaction officially closes, both companies will continue to operate independently, ensuring seamless service for all stakeholders. Through Dec.31, 2024, Weiss will continue to lead the Elite team, reporting to Resch. According to a new release, the leadership teams of both companies intend to "merge with intentionality and thoughtfulness, crafting a blueprint for operational excellence centered on top talent and customer satisfaction."

"Combining forces with Gulfeagle Supply aligns with our vision for sustainable growth and providing unparalleled opportunities for our employees and customers alike," said Weiss.

The companies anticipate the acquisition will create a stronger national presence with a complementary customer footprint, increasing the ability to serve a wider market while retaining local engagement and expertise. 

"The combination of Elite and Gulfeagle represents the convergence of two industry leaders, united in our dedication to excellence and customer-centric values," said Resch. "I am excited to welcome the Elite team to Gulfeagle and look forward to what we will be able to build together.”

Gulfeagle Supply, founded in 1973 by Jim Resch in Tampa, Fla., originally as Gulfside Supply, is a full-line distributor of residential and commercial roofing supplies and building products. Gulfeagle has grown to over 118 locations nationwide through a combination of acquisitions and start-up locations.

The news is the latest shakeup in what has been a big year for the distribution industry. In March, Home Depot announced would be acquiring SRS Distribution for $18.25 billion.