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SRS Acquires Arrowhead Building Supply

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https://www.mdm.com/news/operations/mergers-acquisitions/srs-acquires-arrowhead-building-supply/?utm_source=rss&utm_medium=rss&utm_campaign=srs-acquires-arrowhead-building-supply

Building materials distributor SRS Distribution Inc., McKinney, Texas, announced it has acquired Arrowhead Building Supply, a St. Peters, Missouri-based distributor of residential and commercial roofing, siding, and other related products. Financial terms of the deal weren’t disclosed.

Founded in 1997 by Steve Schulte, Jerry Pogue, and Larry Saxe, Arrowhead is still run today by Pogue and Saxe. The company operates a network of five locations across Missouri and Arkansas and employs a team of around 130 people. Saxe and Bobby Nichols, Arrowhead’s general manager, will continue to lead the company under the Arrowhead banner.

“We are thrilled to announce our new partnership with Arrowhead Building Supply,” said Dan Tinker, president and CEO of SRS Distribution. “We have been friends for years and have developed an immense amount of respect for the way Arrowhead does business. The company is one of the largest independent roofing distributors in the Midwest, and its high shingle volume and complementary footprint will make an excellent addition to our footprint in the region. We are honored the Pogue family has entrusted their company and people to the SRS family, and we hope to build upon their outstanding legacy for years to come.”

Added Jerry and Rick Pogue, Arrowhead shareholders: “Over the past 25 years, Arrowhead has thrived thanks to its family atmosphere supported by strong relationships and exemplary customer service. Our people are the heart and soul of the business, and we firmly believe SRS will take excellent care of our team and reputation while continuing the success of Arrowhead for years to come. We are truly excited to see what the future holds for Arrowhead as the newest member of the SRS family of companies.”

The post SRS Acquires Arrowhead Building Supply appeared first on Modern Distribution Management.

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