SRS Distribution Inc. (“SRS”) announced today that it has acquired Louis T. Ollesheimer & Son, Inc. (“LTO” or the “Company”), a distributor of commercial & residential roofing and other related products. Terms of the agreement were not disclosed.
LTO LogoHeadquartered in Madison Heights, Michigan, LTO was founded in 1916 and is currently run by Jamie Ollesheimer. The Company operates 12 locations across four states (MI, IN, OH, WV) and employs a team of ~80 people. Jamie will continue to lead the Company’s dedicated employee base under the LTO banner, ensuring continuity and consistency for customers, suppliers, and employees.
Dan Tinker, President and CEO of SRS Distribution, commented, “We have known Jamie for many years and are incredibly proud he has entrusted SRS with the business his family has spent generations building. LTO is one of the oldest and largest independent roofing distributors in the Midwest, and its commercial roofing presence will be a strong complement to our residential roofing footprint in the region. On behalf of the SRS family, I’d like to extend a warm welcome to Jamie and the entire LTO team. We can’t wait to see what we’ll accomplish together.”
Jamie Ollesheimer, President of Louis T. Ollesheimer & Son, Inc., commented “I am pleased to announce that LTO will be joining the SRS family of independent roofing distributors. It was important to me to find a company to partner with that has a lot to offer to our most important asset, our people! SRS provides competitive benefits programs, the ability to be a shareholder, and a greater opportunity for advancement for all employees. I am lucky to be surrounded by such a fantastic team and am thrilled to see what we can do with the support and resources of SRS.”
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 430 locations across 44 states. SRS Distribution is a portfolio company of Leonard Green & Partners, L.P. and Berkshire Partners LLC.