Atlantic Squared Supply acquired Metal Roofing Systems and Metal Roofing Systems & Supply (collectively, MRS) with financing provided by TCW Asset Management Company and PNC Bank. FocalPoint, a division of B. Riley Securities, served as co-advisor to Atlantic Squared on the transaction, along with Statesman Business Advisors.
Atlantic Squared is a building materials wholesaler, distributing a comprehensive suite of products to customers across the southern United States. Founded in 1974, the company’s two original branches were acquired in 2019 by an experienced management team that rapidly grew the footprint through a series of acquisitions and greenfield expansions to include more than 20 branches across eight states. The acquisition of MRS, a commercial and residential metal roofing manufacturer, creates one of the largest independent pure-play roofing distributors in the United States.
“The FocalPoint team, having developed a comprehensive understanding of our business and our partners, worked hand in glove with our management team to arrange the optimal capitalization structure for the next stage of our development. We are delighted to continue our relationship with TCW and PNC,” Tim Perryman, CEO at Atlantic Squared, said.
“The continued success of Atlantic Squared’s management team in expanding the company’s footprint enabled us to enlarge the credit facility in spite of volatile capital market conditions and to position the company for its next stage of growth,” Michael Brill, managing director at FocalPoint, said.