Who Owns Mid Atlantic Roofing Supply? Find Out!
Did you know that the acquisition of Mid Atlantic Roofing Supply has made Carolina Atlantic Roofing Supply one of the largest independent roofing distributors in the United States?
Mid Atlantic Roofing Supply Inc. (“MARS”) was acquired by Carolina Atlantic Roofing Supply LLC (“CARS”) with the support of TCW Asset Management Company LLC and PNC Bank, N.A. This strategic move has positioned CARS at the forefront of the roofing supply industry, bolstering its market dominance and expanding its customer base.
Carolina Atlantic Roofing Supply is a renowned building materials wholesaler known for its extensive range of roofing products. Their commitment to customer service and their focus on becoming the most trusted two-step distributor in the country have contributed to their rapid growth and success.
With the acquisition of Mid Atlantic Roofing Supply, CARS now owns and operates more than 18 locations nationwide, allowing them to leverage purchasing synergies, improve contribution margins, and expand their market footprint.
Key Takeaways:
- Carolina Atlantic Roofing Supply is now one of the largest independent roofing distributors in the US following the acquisition of Mid Atlantic Roofing Supply.
- The acquisition was financed by TCW Asset Management Company LLC and PNC Bank, N.A.
- CARS focuses on providing a comprehensive suite of roofing products and outstanding customer service.
- With over 18 locations nationwide, CARS can benefit from purchasing synergies and an expanded market footprint.
- The ownership structure of Mid Atlantic Roofing Supply now falls under the Atlantic Squared family of brands.
About Carolina Atlantic Roofing Supply
Carolina Atlantic Roofing Supply is a leading building materials wholesaler that specializes in distributing a comprehensive suite of roofing products. We work exclusively with established building supply retailers to provide them with top-quality materials for their projects. Our commitment to excellence and customer satisfaction sets us apart.
As a two-step distributor, we strive to become the most trusted name in the industry. We believe in building strong relationships with our customers and provide them with the support they need to thrive in their businesses. We offer a wide range of roofing products, including shingles, underlayment, flashing, and ventilation systems, among others. No matter the size or complexity of the project, we have the materials to meet our customers’ needs.
With our vast inventory and strategic partnerships, we are able to serve as a one-stop shop for all roofing needs. Our team of experts is dedicated to helping our customers find the right products, offering guidance, and ensuring they receive exceptional service every step of the way.
Carolina Atlantic Roofing Supply has experienced a remarkable growth trajectory. Over the years, we have expanded our operations by acquiring other companies and opening new branches. Currently, we have eight branches across six states, allowing us to serve a wide range of customers across different regions.
The Acquisition of Mid Atlantic Roofing Supply
The acquisition of Mid Atlantic Roofing Supply by Carolina Atlantic Roofing Supply has positioned us as one of the largest independent pure-play roofing distributors in the United States. With the addition of Mid Atlantic, we now have more than 18 locations nationwide, further solidifying our market presence and expanding our reach.
This strategic move allows us to leverage the purchasing synergies between our companies, resulting in improved contribution margins and a stronger competitive edge. By combining our resources and expertise, we are able to streamline operations and offer our customers an even wider range of high-quality roofing products.
This acquisition also allows us to enhance our market footprint, establishing our position as one of the largest and most influential players in the roofing industry. The expanded distribution network created by the acquisition opens up new avenues for growth and provides opportunities for product cross-selling in untapped markets.
As an independent roofing distributor, we are committed to delivering exceptional service and value to our customers. The acquisition of Mid Atlantic Roofing Supply strengthens our ability to meet the evolving needs of contractors, builders, and other stakeholders in the industry.
Benefits of the Acquisition
- Increased purchasing power and economies of scale
- Expanded market presence and customer base
- Enhanced product offerings and cross-selling opportunities
- Improved operational efficiency and cost management
- Stronger position in the competitive roofing distribution landscape
By building on the strengths and capabilities of both Carolina Atlantic Roofing Supply and Mid Atlantic Roofing Supply, we are confident in our ability to deliver unparalleled value, service, and innovation to the roofing industry.
Atlantic Squared and the Ownership Structure
Mid Atlantic Roofing Supply has joined the Atlantic Squared family of brands. Atlantic Squared is a locally owned and independently managed commercial and residential building supply group with its headquarters in Atlanta, GA. Through this acquisition, Atlantic Squared now consists of three brands: Carolina Atlantic Roofing Supply LLC, Metal Roofing Systems SC LLC, and Mid Atlantic Roofing Supply Inc.
| Brand | Ownership | Headquarters |
|---|---|---|
| Carolina Atlantic Roofing Supply LLC | Wholly owned subsidiary | Atlanta, GA |
| Metal Roofing Systems SC LLC | Wholly owned subsidiary | Atlanta, GA |
| Mid Atlantic Roofing Supply Inc | Wholly owned subsidiary | Atlanta, GA |
Atlantic Squared operates as a unified entity, leveraging its collective expertise and resources to provide exceptional service and value to its customers in the commercial and residential building supply industry. With its ownership structure, Atlantic Squared has the flexibility and agility to adapt to market demands, innovate, and deliver tailored solutions to meet the evolving needs of its customers.
About TCW Asset Management and PNC Bank
The acquisition of Mid Atlantic Roofing Supply was made possible with the partial financing provided by TCW Asset Management Company LLC and PNC Bank, N.A. TCW specializes in offering senior secured loans to middle market borrowers, working closely with business owners and management teams to create tailored financing solutions. With their expertise, TCW Asset Management understands the unique needs of companies like Mid Atlantic Roofing Supply, helping them secure the necessary funding for growth and expansion.
On the other hand, PNC Bank, a member of The PNC Financial Services Group, Inc., brings a wealth of experience and a wide array of financial services to the table. Their focus on asset-based lending allows them to provide flexible financing options to businesses in various industries. Mid Atlantic Roofing Supply benefited from the financial services offered by PNC Bank.
TCW Asset Management and PNC Bank are both well-established financial services institutions with proven track records in providing financing solutions and support to middle market companies. Their involvement in the acquisition process of Mid Atlantic Roofing Supply showcases their commitment to partnering with businesses to facilitate growth and success.
