SRS Distribution acquires Florence Corp., Amagansett Building Materials
SRS Distribution Inc. announced on Friday that it has acquired Florence Corporation and Amagansett Building Materials, a leading distributor of a wide range of building products, including lumber, roofing, siding, windows and doors and other related products, with five locations across Long Island. region.
Terms of the agreement were not disclosed.
Based in Huntington, New York, the company was founded in 1946 by Arthur Florence and is today run 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.
“We are thrilled to announce our latest partnership with Florence and Amagansett on Long Island,” Dan Tinker, President and CEO of SRS Distribution. “Patrick, Rob and the rest of the company’s dedicated employees have built a terrific company over the years known for outstanding customer service and quality products. The company fits perfectly into our existing Long Island operation and together we will continue to build on the legacy that Patrick’s grandfather started over 75 years ago.
“We are thrilled to announce that Florence and Amagansett are joining the SRS family of independents,” said Droesch. “Over the years, we have come to know and respect the people who run SRS and believe we have a strong cultural fit thanks to our shared values of honesty, integrity and trust.
“SRS’ financial resources will help us grow faster by investing in our people, branches, products and technology, which will result in an even higher level of service for our loyal customers,” added Holden. “We are convinced that being part of the SRS family will allow us to become a stronger company and ensure that our future is greater than our past.