In a big Midwest move, SRS Distribution announced that it has acquired Arrowhead Building Supply.
The deal includes Arrowhead’s network of five locations across Missouri and Arkansas.
Based in St. Peters, Mo., Arrowhead was founded in 1997 by Steve Schulte, Jerry Pogue, and Larry Saxe. The company continued to be run by Pogue and Saxe. Terms of the sale were not disclosed.
SRS said Saxe and Arrowhead General Manager Bobby Nichols will continue to lead the company under the Arrowhead banner. The building products distributor, with a focus on roofing, has about 130 employees.
“We have been friends for years and have developed an immense amount of respect for the way Arrowhead does business,” Dan Tinker, president and CEO of SRS Distribution, said.
Tinker noted that Arrowhead is one of the largest independent roofing distributors in the Midwest and its high shingle volume, along with its complementary footprint, make it a solid addition to SRS 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,” Tinker said.
In a prepared statement Saxe and Pogue said, “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.”