Heritage Landscape Supply Group Inc., a subsidiary of building materials distributor SRS Distribution, has acquired Stone Center of Indiana Inc., an independent distributor of hardscapes, architectural stone and landscape products. Financial terms of the deal were not disclosed.
Founded in 1969 in Indianapolis, with a second location in Sheridan, Indiana, Stone Center services builders, architects and professional contractors throughout Central Indiana. Stone Center’s entire sales and operations team will lead the business going forward, and Heritage will continue to operate the two locations under the Stone Center name.
“We are truly excited to partner with the entire Stone Center team,” said Matt McDermott, president of Heritage. “The company represents the second dedicated stone and hardscapes platform for Heritage, and will serve as a catalyst for broader expansion in the attractive outdoor living vertical. Both the Automatic Supply and Stone Center teams have tremendous respect for each other and we can’t wait to continue our daily focus of treating customers like family and offering the very best service across our markets.”
John Smitson, president of Stone Center, added, “I am thrilled to announce that we have found the right partner for the future of Stone Center in Heritage. Stone Center certainly could have joined forces with anyone, but we felt the Heritage team cared the most about our employees and would do the best job at preserving the legacy of the company. Heritage will offer our employees unlimited career opportunities for growth and all employees will be shareholders going forward, which was a key factor in our decision. I am looking forward to seeing what we will accomplish together with Automatic Supply across Indiana and beyond.”