General Siding Supply

Transaction Description

• Hennepin Partners represented General Siding Supply in its sale to Beacon Roofing Supply (NASDAQ: BECN).
• The Company is a multi-location distributor of siding, windows, gutters and doors.
• General Siding serves professional contractors primarily performing residential repair, replace and remodel work.
• The Company is headquartered in Omaha, Nebraska with four other locations in Nebraska, Iowa and North Dakota.

Key Observations

• The 50-year, family-owned Company was at an inflection point as the third-generation assumed leadership of General Siding and desired to change the strategic trajectory of the business.
• Management was considering strategic alternatives in an effort to propel growth.  
• Ultimately, Beacon prevailed as a logical partner due to their knowledge of the space, acquisition strategy and long-term vision for General Siding.

Drivers of Interest

• Regional market leadership position in siding and complementary products.
• Residential repair and replacement demand drivers.
• Synergistic geographic locations.
• Nimble, interconnected operating structure.
• High-touch customer service model.
• Long-tenured and knowledgeable employees.
• Strong financial performance and track-record of sustainability.
• Proven history of growth through facility, product line and sales team expansion.