SRS Distribution entered a definitive agreement to acquire Aloha Roofing Supply, a distributor of residential roofing, lumber, foundation and masonry, and other related products. The transaction is expected to close on September 10.
Kapaa, Hawaii-based Aloha Roofing Supply was founded in 2014 by Randy Boyer. Boyer will continue to lead the Aloha team after the acquisition is completed for continuity for customers, suppliers, and employees.
“I speak on behalf of the entire Aloha team when I say we are thrilled to be part of the SRS family of companies,” Boyer said in a news release. “Since starting our first business in Hawaii in 1981, my father and I have always endeavored to provide exceptional service while helping to grow our island community. We are confident that with the backing of SRS, we will continue to cultivate a culture of always putting our customers and people first.”
The announcement of the Aloha acquisition comes less than a week after SRS completed its 100th acquisition, the purchase of Weatherpanel in New York.
“We have known Randy for many years and have an immense amount of respect for him,” Dan Tinker, president and CEO of SRS, said. “The reputation he has earned through several decades of operating multiple businesses on the islands is truly unparalleled, as evidenced by the fact that he and his team have established the premier distribution platform in Kauai in a very short amount of time. Going forward, Randy will have oversight over our combined operation in Hawaii and will lead our future expansion throughout the islands.”
McKinney, Texas-based SRS Distribution is a portfolio company of Leonard Green & Partners and Berkshire Partners. SRS operates a family of distinct local brands encompassing more than 470 locations across 44 states.
