SRS Distribution Inc. (“SRS”) announced today the pending acquisition of Gannon Roofing Supply (“GRS” or the “Company”), an independently owned distributor of residential and commercial roofing products & accessories. Terms of the agreement were not disclosed.
Headquartered in Des Moines, Iowa and founded in 1979, GRS operates a network of three branches across the state, servicing professional contractors, local homebuilders, home improvement contractors, and remodelers. The Company’s senior management team, Dan Frankl, Dan Gannon, and Chad Thomas, will continue to lead their dedicated employee base, ensuring continuity and consistency for all GRS customers and supplier partners.
Dan Tinker, President and CEO of SRS Distribution, commented, “We could not be more proud to welcome the outstanding employees at Gannon Roofing Supply to the SRS family. We have known the Gannon family for nearly 25 years and have nothing but the utmost respect for the business they have built. GRS is one of the finest independent distributors in the country and we are honored to be joining forces as we continue to expand our presence in the Midwest.”
Dan Frankl, President of GRS, added, “We are thrilled to be partnering with SRS and look forward to what we can accomplish together. Over its 40+ year history, GRS has earned a reputation for offering quality materials with superior customer service. Leveraging the resources of SRS, we are eager to embark on the next phase of growth for the Company and excited about the ability to further enhance our customers’ experience, while providing new opportunities for our employees for years to come.”
About SRS Distribution
Founded in 2008 and headquartered in McKinney, TX, SRS has grown to become one of the largest and fastest growing building products distributors in the United States. Since our inception, we have established a differentiated growth strategy and entrepreneurial culture that is focused on serving our customers, partnering with our suppliers, and attracting the industry’s best talent. We currently operate under a family of distinct local brands encompassing more than 350 locations across 44 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC.