SRS Distribution announced today that it has acquired Weatherpanel, Inc., a distributor of residential and commercial roofing, siding, windows and doors, and related products.
The move marks the 100th acquisition by SRS Distribution since its founding in 2008. The financial terms of the agreement were not disclosed.
Headquartered in Buffalo, N.Y., Weatherpanel was founded in 1948 and is currently run by Frank Vacanti and Maria Wrafter.
Frank joined Weatherpanel in 1978 and has served as president since 1991, with Maria joining in 1994 and acting as vice president since 2002. Frank and Maria will continue to lead the company’s team under the Weatherpanel banner.
The move expands SRS Distribution’s presence in the western New York market. SRS also operates B&L Wholesale Supply in Buffalo.
“The company is one of the oldest and most respected independent distributors in New York and will be a perfect complement to our B&L Wholesale Supply branches in the region,” said Dan Tinker, president and CEO of SRS Distribution. “It is truly an honor to welcome Weatherpanel as the newest member of our amazing family. This transaction also marks a momentous milestone in SRS history as the 100th acquisition since our founding in 2008. I’d like to extend a sincere ‘Thank You’ to all of the loyal and hardworking members of the SRS family for making this possible.”
Vacanti said, “Weatherpanel has always prided itself on being an independent distributor with a reputation for taking care of its people and putting the customer first. After meeting with the folks at SRS, we discovered a rarity in the distribution industry – a national company that shares our values, operates like a family-owned business, and is supported by a fanatical team that loves what they do.”
“Everyone we have interacted with at SRS throughout this process has been upbeat, knowledgeable, and willing to go the extra mile to make our people feel welcome,” Wrafter added. “We couldn’t be happier about our decision to join SRS and are incredibly optimistic about what the future holds for all of our dedicated employees.”
Based in McKinney, Texas, SRS Distribution operates more than 470 locations under a collection of banners across 44 states.