SRS Announces Expansion in the Greater Philadelphia Area
SRS Distribution Inc. (“SRS”) announced that it has acquired Marvic Supply Company, Inc. (“Marvic” or the “Company”), a leading distributor of residential roofing, windows & doors, siding, and other related products. Terms of the agreement were not disclosed.
Headquartered in Doylestown, Pennsylvania, Marvic was acquired in 1967 by Frank Terry and is run today by Dave Smith, Frank’s son-in-law, and Frank’s sons, Rich and Wes Terry. The Company operates seven locations across southeastern Pennsylvania and northwestern New Jersey and employs a team of 98 people. Dave, Rich, and Wes will continue to lead the Company’s dedicated team under the Marvic banner, ensuring continuity and consistency for customers, suppliers, and employees.
Dan Tinker, President and CEO of SRS Distribution, commented, “We are truly honored to welcome the entire Marvic team to the SRS family. The Company is one of the most well-established independents in the Northeast and has earned a reputation as the preeminent distributor in the Philadelphia metro area. In order to preserve and extend the legacy the Company has earned over its extensive history, we plan to rebrand several of our existing branches in the market to Marvic.”
Dave, Rich, and Wes, the Company’s owners, collectively commented, “Our family has spent decades building a business predicated on providing top-quality products and unparalleled customer service throughout the Delaware Valley. When choosing a new long-term growth partner for Marvic, it was essential that the company aligned with our core values – honesty, integrity, and a passion for success. We have known the folks at SRS for many years and are confident this combination is the best possible outcome for our dedicated team and loyal customers.”
About SRS Distribution
Founded in 2008 and headquartered in McKinney, TX, 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 490 locations across 44 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC. For more information, visit www.srsdistribution.com.
Source: SRS Distribution, Inc.