Mohr Partners Signs SRS Distribution as Portfolio Client
May 12th, 2014 | Press Releases
DALLAS, TX — (May 12, 2014) — Mohr Partners, Inc. announces the signing of a strategic advisory agreement with SRS Distribution, Inc.
SRS Distribution, headquartered in McKinney, Texas, is a roofing distribution holding company with over 100 locations in 37 states from coast to coast. Since the company’s inception in 2008, SRS Distribution has grown rapidly through acquisition and the opening of multiple new locations both organically and through acquisitions. With this aggressive growth in a down market, SRS has established itself as one of the fastest growing building products distribution companies in the U.S.
Mohr Partners will work with SRS Distribution to strategically evaluate all facilities and manage its national real estate portfolio based on high priority account initiatives as directed by SRS Distribution. Charles Daggett, Managing Principal, Chris Bargowski, Managing Partner, and Stephen Hemphill, Managing Director, with Mohr Partners secured the agreement with SRS Distribution and will serve as the account leaders.
“SRS Distribution is the nation’s leading network of independent roofing products distributors and has been recognized several times by the Dallas Morning News as one of the 100 Best Companies to Work For. We are honored to earn the privilege to represent the company on their national portfolio,” said Ted Fredericks, President of Mohr Partners. “Mohr will provide exemplary service to SRS Distribution, positioning the company strategically for continued aggressive expansion of their business operations throughout the country.”
“SRS Distribution has grown consistently and rapidly over the last several years and we look forward to even more unprecedented growth in the coming years as we attempt to expand three-fold,” added Dan Tinker, President and Chief Operating Officer of SRS Distribution. “In order to handle this aggressive growth pace we felt it was imperative to outsource our commercial real estate portfolio management to a company that are not only experts in this field but also solely focused on our best interests. We feel their unique company culture and operating philosophy which heavily values relationships is closely aligned with our operating strategy here at SRS. We look forward to working with Mohr Partners as we take a more strategic approach to managing our real estate portfolio going forward.”
“We are honored to have been selected by SRS Distribution after a competitive process which allowed their organization to truly understand our business model and embrace the service offering of Mohr Partners. We will utilize our expertise to achieve operational cost savings through development of a core strategic plan and implementation of that plan throughout their portfolio in the U.S.,” said Mr. Daggett. “We have extensive experience with distribution companies and the factors that drive their business. We look forward to partnering with SRS to optimize their real estate, allowing them to focus exclusively on their business.”
“We are excited to announce the addition of SRS Distribution as a portfolio client,” said Mr. Bargowski. “They have experienced explosive growth as a company, and we will help SRS to be more proactive in the market. As SRS continues to expand operations nationally, Mohr Partners will work to provide the necessary resources and expertise to maximize their real estate requirements.”
SRS Distribution selected Mohr as its strategic advisor to manage the real estate portfolio through a consolidated and streamlined approach to account management. All corporate real estate activities will flow through a centralized leadership model with Mohr. The services to be provided include portfolio account management, strategic advisory, lease administration, portfolio planning and consulting services.