Building products distributor SRS Distribution Inc., McKinney, Texas, on Monday announced that two-thirds of its employees will share a distribution of over $250 million as part of its company equity programs.
“We are committed to changing our employees’ lives for the better,” said Dan Tinker, president and CEO. “Throughout our history, we have focused on providing unique and substantial benefits to our employees, including broad equity participation that drives engagement and loyalty. We are excited to announce this distribution of over $250 million to more than 4,300 truly deserving SRS employees for all that they do to drive value for our customers and that we believe is unprecedented in our industry’s history.”
Founded in 2008, SRS is a portfolio company of Leonard Green & Partners and Berkshire Partners.