Industry Updates - November 2023

Mon, Nov 27, 2023 at 11:20AM

CORE Roofing Systems Has Acquired McCurdy-Walden Inc.

Founded in 1986, McCurdy-Walden, a roofing contractor serving North Florida, has been acquired by CORE Roofing Systems. McCurdy-Walden is a full-service roofing contractor that provides roof replacements, roof repair and roof maintenance plans for commercial properties with more than 70 skilled employees and an arsenal of tools, including over 30 trucks, motorized roofing equipment, elastomeric coatings, spray rigs, cranes and roll-off dumpsters.

CORE Roofing Systems is a fully licensed and bonded commercial roofing contractor focusing on projects primarily in the Southeast. CORE is a portfolio company of Shoreline Equity Partners, a private equity firm headquartered in Jacksonville, that invests in companies in the Southeast.

The acquisition of McCurdy-Walden represents CORE’s first since partnering with Shoreline Equity Partners in November. The partnership expands CORE’s presence within Florida and highlights the platform’s aggressive growth strategy to continue building a leading commercial roofing service provider across the Southeast and nationally.

Heritage Capital Group served as the exclusive financial advisor and intermediary to McCurdy-Walden. “The Heritage team was with us every step of the way,” said Mark and Jon Walden, owners of McCurdy-Walden. “They advised us and helped us understand aspects of the transaction which were completely new to us. The sale of our family business, which had been an integral part of our lives for nearly four decades, held profound personal significance. The Heritage team not only grasped the deeply personal nature of our decision to sell, but also diligently secured the highest value and most favorable terms for us.”

A.C.T. Metal Deck Now Open in Orlando

A.C.T. Metal Deck Supply, the nation’s largest metal deck distributor, announces the opening of its newest location in Orlando, Fla. This opening increases its network to 15 distribution centers to better serve the construction industry.

“This location will help us serve our customers in the entire state of Florida,” said Carm Termini, Marketing Director of A.C.T. Metal Deck Supply. “When a customer has a short lead time or a roofing contractor runs into rusted deck while replacing a leaking roof, they need metal deck right now and we have it in stock for immediate use.”

A.C.T. Metal Deck Supply has over 53 years of experience in the industry and a complete inventory of metal roof deck, form deck and composite floor decks in stock now at 15 locations throughout the U.S.

SRS Distribution Acquires Sunniland Corp.

SRS Distribution Inc. announced that it has acquired Sunniland Corporation, a distributor of residential and commercial roofing products and related accessories. The company also provides professional grade fertilizers to the landscape supply market.

Headquartered in Sanford, Fla., Sunniland was founded in 1884 and is currently owned and operated by Tom Moore. The company has a branch network of 22 locations across Florida and South Georgia. Moore and the rest of the company’s leadership team will continue to lead Sunniland’s dedicated employee base under the existing brand, ensuring continuity and consistency for customers, suppliers and employees.

“We could not be more excited to welcome Tom and the Sunniland team to the SRS family. The company is one of the most respected independents in the industry and will be an excellent fit within our existing branch network in the important Florida market,” said Dan Tinker, President and CEO of SRS. “We have known Tom and admired his business for many years and are truly excited for what we can now accomplish together.”

“My family and I have spent over 40 years building Sunniland’s brand, reputation and culture. We have always prided ourselves on being an independent distributor, so the decision to join forces with SRS was not taken lightly,” Moore said. “SRS’ employee-first mentality and family atmosphere has created a truly unique platform where promoting exceptional customer service is at the heart of everything they do. I firmly believe SRS is the best home for our people and the business we’ve built and am confident that the future is bright for our two great companies.”

ABC Supply Co., Inc. Announces Manager Promotions

ABC Supply Co., Inc., the largest wholesale distributor of roofing and other select exterior and interior building products in North America, has announced that 15 leaders have been promoted to branch manager positions at locations throughout the company in the second quarter of 2023. Promotions within Florida include:

Jesse Pickerill was named Manager of the Naples location. Pickerill began his career with ABC Supply in 2015 as a delivery driver at the Wichita, Kans., location before becoming the Branch Manager of a greenfield location in Junction City, where he earned managing partner status. A veteran of the U.S. Marine Corps, Pickerill holds a master’s degree in business administration.

Josh Martin was named Branch Manager of the Hudson location on US Highway 19. Martin started his career with ABC Supply in 2020 as an inside sales associate at the Springfield, Va. location before his promotion and relocation to the Hudson location. He has earned a bachelor’s degree.

Mule-Hide Products Co. Promotes Mark Malin to National Product Manager

Mule-Hide Products Co. Inc., manufacturer of low-slope roofing products and systems, promoted Mark Malin to National Product Manager. In his new role, Malin has nationwide responsibility for the company’s portfolio of commercial roofing products, including single-ply membranes, modified bitumen, roof coatings, sealants, adhesives, insulation, underlayments, fasteners and accessories. He also spearheads the development and implementation of strategic opportunities for new and existing markets, products and systems.

Malin joined Mule-Hide Products in 2021 as Territory Manager for the Louisiana-Arkansas-Missouri district after a nearly 17-year career as an Outside Sales Associate with ABC Supply Co. Inc. He started his career in roofing 28 years ago, working as a crew member for his grandfather’s commercial roofing business and then managing that firm.

“Malin grew up in the roofing industry and has worked in virtually every facet of it,” said Dan Williams, Mule-Hide Products Managing Director. “That breadth and depth of experience has given him the leadership skills, technical expertise and industry knowledge needed in this role, ensuring that Mule-Hide will remain at the forefront of commercial roofing and continue to offer industry-leading solutions for our contractors and their customers.”

FRM


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