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Srs Distribution Announces Expansion In The Southeast With The Acquisition Of Sunniland Corporation

Sep 29, 2023•about 2 years ago

Acquiring Company

SRS Distribution

Acquired Company

Sunniland

McKinneyBuilding Material

Description

SRS Distribution Inc. (“SRS”) announced today that it has acquired Sunniland Corporation (“Sunniland” or the “Company”), a distributor of residential & commercial roofing products and related accessories. The Company also provides professional grade fertilizers to the landscape supply market. Terms of the agreement were not disclosed.

Company Information

Company

SRS Distribution

Location

McKinney, Texas, United States

About

Founded in 2008 and headquartered in McKinney, Texas, SRS Distribution has grown to become one of the largest and fastest growing building products distributors in the United States. Since the Company’s inception, it has established a differentiated growth strategy and entrepreneurial culture that is focused on serving customers, partnering with suppliers, and attracting the industry’s best talent. SRS currently operates under a family of distinct local brands encompassing more than 740 locations across 45 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC. For more information, visit www.srsdistribution.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed