Industrial Products

General Siding Supply

Leading distributor of siding, roofing, windows and doors.

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.
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Hennepin Partners LLC