DALLAS, TEXAS (April 15, 2011) – Roofing Supply Group, LLC (“RSG”), a national leader in the wholesale distribution of roofing supplies and related materials, today announced that it has acquired Construction Resource, Inc. (“CRI”). Operating throughout Northern California, with locations in Oakland and Sacramento, CRI has established itself as a respected market leader in commercial roofing and waterproofing materials and as a preferred distributor of Firestone roofing materials and CETCO waterproofing over the last two decades. CRI’s success was built on delivering superior customer service to commercial roofing contractors, project owners and architects across the region.
“Construction Resource, Inc. has a long-standing reputation as a leading distributor of quality commercial roofing and waterproofing materials in Northern California,” said Mike Farrell, President and CEO of RSG. “We are extremely pleased that Mark Newman elected to transition his successful distributor business to RSG. We look forward to strengthening our commercial presence in the region, building on our relationship with Firestone and Mark as he continues to work as Firestone’s agent representative in Northern California, and learning from CRI’s team of commercial roofing experts.”
RSG operates a strategic distribution network of 56 branches across 22 states, focused exclusively on residential and commercial roofing products and accessories. The CRI acquisition further strengthens RSG’s geographic position and ability to serve its customer base.
Roofing Supply Group is a portfolio company of The Sterling Group, L.P.
About Roofing Supply Group
Roofing Supply Group headquartered in Dallas, Texas, is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 56 branches in 22 states, RSG provides one-step distribution services from roofing product manufacturers to roofing contractors and homebuilders. Each branch carries a complete line of roofing products for residential and commercial roofing, including composition asphalt shingles, underlayment, and associated ancillary products.
About The Sterling Group, L.P.
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $500 million. Sterling has sponsored the buyout of 39 platform companies and numerous add-on acquisitions for a total transaction value of approximately $9.0 billion. Currently, Sterling has $1.3 billion of committed capital under management through three funds. Current portfolio companies include North American Energy Partners, CST Industries, Roofing Supply Group, Universal Fiber Systems, Velcon Filters, Express, B&G Crane Service and Saxco International.