Heritage Pool Supply Group (SRS Distribution) Acquires Pool Contractors Supply

Heritage Pool Supply Group (SRS Distribution) Acquires AquaCentral from Tenex Capital

December 10, 2021

Building Products

Tenex Capital Management sold AquaCentral, the No. 2 U.S. distributor of pool equipment and supplies, to Heritage Pool Supply Group (a platform within SRS Distribution) in a transaction that closed on December 10, 2021. As part of the deal, Tenex and other AquaCentral shareholders received a minority equity stake in SRS Distribution, which is backed by Leonard Green & Partners and Berkshire Partners; the combined Heritage/AquaCentral footprint now operates multiple brands and dozens of branches across the U.S.

Heritage Distribution Holdings Acquires Coastal Supply Company

October 12, 2022

HVAC & Mechanical

Heritage Distribution Holdings, the Gryphon Investors-backed HVAC/R distribution platform, has acquired Coastal Supply Company Inc., a 40-year-old, family-owned HVAC/R distributor based in Knoxville, Tennessee with six branch locations. Coastal will operate under HDH’s Ed’s Supply division and remain led by General Manager David Kennedy as part of HDH’s continued geographic expansion in the Southeast.

Gryphon Investors Acquires Ed's Supply Company

April 25, 2022

Building Products

Gryphon Investors has acquired Ed's Supply Company, a Nashville-based wholesale HVAC/R distributor with 19 locations across Arkansas, Georgia, Kentucky and Tennessee, and will operate it as an independent division of its Heritage Distribution Holdings platform. Financial terms were not disclosed; the existing management team will remain in place with former president Steve Byram becoming an advisor and Tucker Byram named President. The deal expands Heritage Distribution Holdings' multi-region HVAC/R footprint in the Southeast.

The Home Depot Acquires SRS Distribution for $18.25 Billion

March 28, 2024

Building Products

The Home Depot has acquired SRS Distribution, a leading U.S. specialty trade building-products distributor, for an enterprise value of approximately $18.25 billion. The deal (closed June 18, 2024) brings SRS's branch network, sales force and delivery capabilities into The Home Depot to accelerate growth with residential professional customers and expand the company's total addressable market.

SRS Distribution Acquires Arrowhead Building Supply

May 7, 2021

Building Products

SRS Distribution has acquired Arrowhead Building Supply, a roofing-focused building products distributor with five locations across Missouri and Arkansas. Arrowhead — based in St. Peters, Missouri and founded in 1997 — will continue to be led by Larry Saxe and Jerry Pogue, and the company’s roughly 130 employees will become part of the SRS platform, which is backed by Leonard Green & Partners and Berkshire Partners.

Heritage Distribution Holdings Acquires AMSCO Supply

September 26, 2023

Building Products

Heritage Distribution Holdings, the U.S. platform for Beijer Ref AB, has agreed to acquire the assets of AMSCO Supply, a family-owned wholesale HVAC distributor headquartered in Tulsa, Oklahoma. AMSCO, which has roughly $45 million in annual sales and about 50 employees, will continue to operate under its own brand with existing management rolling over an ownership stake; the deal expands Heritage Distribution's U.S. footprint into adjacent Midwest and Southwest territories.