Moves by SRS Highlight Early Winter Action
We enter the final 19 days of 2019 with 353 building material locations involved in openings, closures, or acquisitions. That's about 11% fewer than we had at the same time list year, but still enough dots to signal there's been a lot of action.
The biggest moves in 2019 didn’t involve specialists in lumber, roofing, or drywall. Rather, it was SRS Acquisition’s leap into the landscaping and irrigation business. The latest SRS deal had its Heritage Landscape Supply Group buy Florida Irrigation Supply, a 42-branch operation with stores in Florida, Georgia, Alabama, and North Carolina.
The roofing side of SRS also figured in the second-biggest of the winter deals, one in which the company expanded dramatically in Utah by acquiring Roofers Supply, which has six branches in the Beehive State.
Among other notable moves: ere’s a roundup of significant actions that have taken place since Nov. 20:
* Builders FirstSource supplemented its growing truss and components operations by acquiring Raney Components and Raney Builders of Groveland, FL.
* BMC acquired DeFord Lumber, which has lumber, truss, and millwork divisions in Duncanville, TX.
* 84 Lumber closed yards in Fairmont, WV, and Baldwinsville, NY, according to press reports.
* Auction websites list several unnamed dealers who have put themselves up for sale. One is a 10-year-old operation in Hialeah, FL, that, for $150,000, buys you $100,000 worth of inventory and $20,000 worth of in-store racks and stands.