Lazear Capital Partners (LCP), a leading middle market investment bank and M&A advisory firm, is pleased to announce the successful acquisition of one of its clients, Wimsatt Building Materials (Wimsatt) by SRS Distribution, Inc (SRS).
Headquartered in Wayne, Michigan, Wimsatt is a 85-year old family business providing building products and materials to the construction industry solutions.
The Company has built a legacy of providing high-quality products and materials as well as exceptional customer service across the Midwest. Wimsatt maintains a host of in-house services including rooftop delivery, will-call service, and a showroom experience. Wimsatt also operates 8 locations across Michigan and Ohio. Wimsatt credits their tremendous growth and success to their gold standard level of service for all those they employ and serve.
Bob Hoffman, former majority owner of Wimsatt shared “Todd Goldman and the Lazear Capital Partners team were exceptional at understanding our unique business needs and finding a partner to help us execute on our growth prospects. The Lazear Capital team went above and beyond expectation in their commitment to finding us a partner that would safeguard Wimsatt’s legacy of service. We are confident about the partnership with SRS and the opportunity it provides for our employees and the Company to continue to prosper under SRS’ ownership while providing exceptional service to our loyal customers.”
Todd Goldman, Managing Director at Lazear Capital Partners stated, “Wimsatt’s best-in-class products, services and reputation throughout the industry will allow it to see continued growth during its partnership with SRS. It was an honor to advise Bob, Rob and Charlie Hoffman on this significant transaction for the Family and the Company. Lazear Capital Partners also wishes to congratulate SRS Distribution Inc. on acquiring the Wimsatt business!”
Lazear Capital Partners served as the exclusive financial advisor to Wimsatt on the transaction while Andrew Ayar, Richard Rafferty and Michael Sauer of Clark Hill Law provided legal advisory services.
