CBS Wholesale, Vinyl Siding Specialists

Contact: Gary Swan,Chief Financial Officer

SRS Acquisition Corporation Phone: (214) 491-4107 Fax: (214) 491-4156 5900 S. Lake Forest Drive Suite 400 McKinney, TX 75070

SRS Press Release for CBS Wholesale


SRS Distribution Announces Expansion in Iowa with the Acquisition of CBS Wholesale in Des Moines.

McKinney, TX, April 29, 2014:

SRS Distribution (“SRS” or “the Company”) announced today that it has acquired CBS Wholesale, an independent distributor of residential roofing, siding, windows and related building products servicing the central Iowa market. The single location company sits just north of the city of Des Moines in Johnston and primarily serves remodeling contractors, residential and commercial roofers and home builders.

CBS Wholesale was founded in 1992 and currently employs 8 people. CBS's current product mix includes residential roofing products, siding, and a full selection of windows and related building products. Rick Monahan, CBS Wholesale’s current majority owner and the sales and operations team will be staying with the company. The CBS Wholesale location will migrate in the coming months to the Midwest Roofing & Siding brand to gain synergies with all the other existing Midwest branches in the region.

Dan Tinker, President & COO of SRS Distribution, commented, "We are excited to be adding to our footprint in Iowa this quickly after entering the state just 2 months ago. Des Moines is a very important market for us and we welcome the dedicated people of CBS Wholesale to the SRS family. Together we plan to grow this location significantly by expanding the product offering, adding delivery capacity and building a strong outside sales force.”

Rick Monahan, Majority Owner of CBS Wholesale, added, “As a family company we realized that it was time to join forces with a company that had the strength and resources that we needed to thrive in a growing market. We looked at various options but ended up with SRS due to their reputation for treating people right and their commitment to grow the business which will create opportunities for the hard working people here at CBS.”

Headquartered in McKinney, TX, SRS is a roofing distribution holding company that with the addition of CBS Wholesale will include 112 locations in 37 states operating under the names: Suncoast Roofers (FL), Southern Shingles (TX/OK/LA/AR), SRS Roofing Supply (AL, MS), Rowe Supply (GA/SC), Atlanta Roofing (GA), Cannon Supply (SC), Columbia Wholesale (SC), Midwest Roofing Supply (IL/MN/IA/OH), Gary-Hobart Roofing Supply (IN), River City Wholesale (KY), Superior Distribution (TN/MD/VA/NC), Shake & Shingle Supply (CO/KS/MO/IL), Roofline Supply (OR/CA/UT/AZ), Stoneway (WA), Pace Supply (PA/CT/NJ), Heritage Wholesalers (MA/NH/CT), Myles F. Kelly (NJ/NY) and Sierra Roofing Supply(NV). SRS is a portfolio company of Berkshire Partners LLC.


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