SRS Announces Expansion in New York With the Acquisition of Florence Corporation and Amagansett Building Materials

Florence Corporation and Amagansett Building Materials are leading distributors of building products, including lumber, roofing, siding, windows and doors.

SRS Distribution Inc. (“SRS”) announced today that it has acquired Florence Corporation (“Florence”) and Amagansett Building Materials (“Amagansett”) (collectively, the “Company”). The corporation has five locations throughout the Long Island area. Terms of the agreement were not disclosed.

Headquartered in Huntington, New York, the Company was founded in 1946 by Arthur Florence and is run today by Arthur’s grandson, Patrick Droesch, and Patrick’s brother-in-law, Rob Holden. Patrick and Rob will continue to lead the Company’s dedicated team under the Florence and Amagansett banners, ensuring continuity and consistency for customers, suppliers and employees.

Dan Tinker, president and CEO of SRS Distribution, commented, “We are excited to announce our latest partnership with Florence and Amagansett in Long Island. Patrick, Rob, and the rest of the Company’s dedicated employees have built a tremendous business over the years known for its outstanding customer service and quality products. The Company is a perfect fit with our existing operation on Long Island and together we will continue to build upon the legacy Patrick’s grandfather began more than 75 years ago.”

Patrick Droesch, owner of the Company, commented, “We are thrilled to announce that Florence and Amagansett are joining the SRS family of independents. Over the years we have come to know and respect the folks leading SRS and believe we have a strong cultural match thanks to our shared values of honesty, integrity, and trust.” Rob Holden, the Company’s co-owner, added, “SRS’ financial resources will help us grow faster by investing in our people, branches, products and technology, which will translate into an even higher level of service for our loyal customers. We are confident that being part of the SRS family will allow us to become a stronger company and ensure that our future is bigger than our past.”

About SRS Distribution

Founded in 2008 and headquartered in McKinney, Texas, SRS has grown to become one of the largest and fastest growing building products distributors in the United States. Since our inception, we have established a differentiated growth strategy and entrepreneurial culture that is focused on serving our customers, partnering with our suppliers, and attracting the industry’s best talent. We currently operate under a family of distinct local brands encompassing more than 600 locations across 44 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC. For more information, www.srsdistribution.com.