Date
Aug 2011
Region
Texas
]Generational Equity, a leading advisor to privatelyheld and family-owned businesses for mergers and acquisitions, is pleased to announce the sale of its client, Century Building Supply, Inc., a distributor of building supplies, headquartered in Rockford, Illinois to SRS Acquisition Corporation, of McKinney, TX. The deal team on the transaction, which closed on July 8, 2011, was led by Managing Director Doug Smith and Assistant Vice President Fred Zweifel.
"Century Building Supply was an outstanding acquisition for SRS Acquisition," stated Fred Zweifel, "The ability to expand their distribution resources and reach further into the construction supply industry truly gives SRS an edge over their competition." SRS Acquisition Corp., headquartered in McKinney, TX, consists of a family of independent roofing distributors who focus their efforts on serving the professional roofing contractor.
Since its inception in February of 2008, SRS has rapidly grown through acquisitions and the opening of multiple new locations. SRS has established itself as one of the fastest growing building products distribution companies in the U.S. Generational Equity President, Ryan Binkley, commented on the deal, "The deal team exemplified the steadfast dedication that is expected here at Generational Equity and we are truly pleased with the outcome of this transaction between Century Building Supply and SRS. This was truly a win-win for both the seller and the buyer."
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