ABC Supply is America’s largest wholesale distributor of roofing, siding and windows.
Advent initially invested in the U.S. roofing distribution sector through the August 2008 acquisition of Bradco Supply, a family-run but undermanaged #3 player in the marketplace. Our investment in the sector came at a time of unprecedented turmoil in the U.S. housing industry.
Advent’s experience in the industrial sector and seasoned operating partners helped guide Bradco to become a professionally-managed business. Advent believed value in the sector would be driven by operational improvements, industry consolidation and eventual market recovery.
In June 2010, Advent merged portfolio company Bradco Supply into ABC Supply, consolidating the industry, and invested substantial additional equity in the combined company.
The merger created the largest distributor of roofing and complementary exterior building materials in the US, with nearly 500 branches, over $4 billion in sales and leading positions in all regional markets.
ABC was a long time industry leader and is even stronger combined with Bradco, featuring a world class management team, a differentiated business model and industry leading profit margins.
Advent is a substantial minority shareholder and partner to ABC’s founder, playing an active role on ABC’s Board of Directors.