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Berkshire Partners' investment in SRS Distribution is a significant one, with the private equity firm acquiring a majority stake in the company in 2016. This deal valued SRS Distribution at approximately $1.4 billion.
SRS Distribution was founded in 2001 and has since grown to become one of the largest roofing distributors in the United States, with over 500 locations across the country. The company's strong track record of growth and profitability made it an attractive investment opportunity for Berkshire Partners.
Berkshire Partners' investment in SRS Distribution has helped the company expand its operations and improve its efficiency, enabling it to better serve its customers and stay competitive in the market.
Berkshire Partners Acquires
Berkshire Partners has acquired SRS Distribution, a national distributor of roofing supplies and related materials. SRS was a portfolio company of AEA Investors.
The acquisition closed on February 28, 2013, and Harris Williams & Co. acted as advisor to SRS Distribution.
Company Overview
Berkshire Partners is a private equity firm that has been in business for over 35 years. They have a long history of investing in a wide range of industries.
Berkshire Partners was founded in 1985 by Richard G. Levy, Richard W. Feldman, and Stephen P. Pagliuca. The firm has since grown to become one of the largest private equity firms in the world.
Berkshire Partners focuses on investing in companies with strong management teams and growth potential. They have invested in over 100 companies across various industries.
The firm has a global presence with offices in Boston, New York, and London. Berkshire Partners has a team of experienced investment professionals who work together to identify and invest in new opportunities.
Berkshire Partners has a strong track record of creating value for its investors. They have generated returns of over 20% per year on average since their inception.
Deal Details
Berkshire Partners acquired SRS Distribution, a national distributor of roofing supplies and related materials, from AEA Investors.
The transaction closed on February 28, 2013. Harris Williams & Co. acted as advisor to SRS Distribution. The firm's Richmond office led the transaction, with Mike Hogan, Chris Williams, Ryan Nelson, and Brent Spiller working on the deal.
Berkshire Partners invests in mid-sized companies operating in various sectors, including consumer products, retail, and industrial manufacturing. They typically invest between $50 million to $500 million of equity capital.
SRS Distribution is the fourth largest residential roofing distributor in the U.S. with 85 locations in 29 states under 19 different brands.
Sources
- https://berkshirepartners.com/berkshire-partners-invests-in-srs-distribution/
- https://berkshirepartners.com/srs-distribution-announces-the-upcoming-acquisition-of-heritage-wholesalers-in-boston-ma/
- https://peprofessional.com/blog/2013/03/01/berkshire-partners-acquires-srs-distribution/
- https://www.altassets.net/private-equity-news/by-news-type/deal-news/berkshire-partners-buys-controlling-stake-in-srs-distribution-from-aea.html
- https://www.linkedin.com/posts/josh-lutzker-31024b11_leonard-green-partners-and-berkshire-partners-activity-7179095022187753474-9IuV
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