SRS Distribution, Inc. (“SRS”) has formed a new subsidiary Heritage Landscape Supply Group, Inc. (“Heritage”)has acquired CPS Distributors, Inc. (“CPS”) and Automatic Supply (“Automatic”). Terms of the transactions were not disclosed. SRS is a postfolio company of Leonard Green & Partners.
SRS formed Heritage to acquire independent irrigation and landscape supply businesses. Heritage plans to grow by forming a national network of independent distributors aligned to provide exceptional customer service while increasing our value as a trusted growth partner to top manufacturers in the industry. Uniquely, Heritage seeks to preserve the legacy of every acquired company by maintaining local brand identity and management, and the entire group will run as a family of independents rather than a national platform. Heritage will operate as a new standalone division independent from SRS’ existing roofing division.
Headquartered in Westminster, Colorado and founded in 1890, CPS is one of the largest wholesale distributors of irrigation and landscape supplies in the Rocky Mountain region. CPS serves landscape and irrigation contractors, municipalities, pump and well contractors, and other professional contractors through a 13 branch network across Colorado and Wyoming.
Headquartered in Fishers, Indiana and founded in 1982, Automatic distributes landscaping, irrigation, outdoor lighting, and related products throughout the state of Indiana. Automatic serves a diverse group of professional landscape, irrigation, and outdoor lighting contractors through its network of 4 branches.
To ensure continuity and consistency for customers, employees, and supplier partners, management of CPS and Automatic will remain in place. Lowell Kaufhold, President of CPS, and Steve Christie, President of Automatic, will remain actively involved, be co-investors, and join forces together as “founding fathers” of the new Heritage platform, helping to guide the company’s strategy.
In connection, SRS further announced that Matt McDermott has been appointed President of Heritage. He commented: “Both CPS and Automatic have outstanding reputations as trusted partners for both customers and suppliers. We are honored to have these two great businesses form the foundation of a new vertical for SRS. We intend to acquire additional leading distributors who seek to accelerate growth through our partnership while preserving legacy cultures and operating approaches that have contributed to success. Looking ahead, we will continue to win with a people-first culture and provide unlimited resources to grow our local brands around the best teams of people in each market where we operate.”