09. SRS Distribution - Top Building Materials/Construction Distributors
Headquarters: McKinney, TX
2017 Revenue: $2,183,778,171
16:17 Change: 22.77%
2016 Revenue: $1,778,761,950
Key Executives: Ronald Ross, Chairman; Daniel Tinker, President & CEO; John Bradberry, COO; Scott Vansant, CFO; Eric Jacobson, CHRO; John Davis, General Counsel; Sonya Wells, SVP of IT; Matt McDermott, VP of Corporate Strategy
SRS Distribution was in acquisition mode in 2017, acquiring National Building Supply Corp., a distributor of residential building products, in August.
In December, SRS acquired Willoughby Supply Company, an Ohio-based distributor of roofing products, siding and windows. SRS continues to operate the branches under the Willoughby Supply name.
“We intend to continue making additional acquisitions and opening new locations, where appropriate, in order to execute a national ‘buy and build’ strategy in one-step roofing distribution,” Ronald Ross, SRS executive chairman of the board, said in a statement.
SRS had been owned by Berkshire Hathaway until earlier this year (May, 2018), when a majority stake in the company was acquired by private equity firm Leonard Green and Partners. The price was estimated to be for $3 billion.
Berkshire will maintain a stake in SRS after the acquisition was finalized which was expected to be in June, according to published reports.
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