Bradco Supply
Encyclopedia
Bradco Supply is one of the three largest distributors of building materials, particularly roofing supplies and serves both the commercial and residential building markets. Bradco has annual sales in excess of $1.7 billion.
Bradco operates through a large number of subsidiaries and brands including: Admiral Building Products, Bak-A-Lum, FlexMaster, H. Verby Company, Bradco Tapered Express, Bradco Metals, Posey Steel & Supply and Bradco International.
Today, Bradco is owned by two strategic investors: Advent International
and Apollo Global Management, among the largest Private Equity
investors in the United States.
In late 2008, Bradco was able to secure a new debt facility from General Electric
to support future growth of the business.
With roots tracing back to its origins in New Jersey, Bradco operates across much of the Eastern two-thirds of the United States. Bradco branches can be found up and down the East Coast with a significant presence in the Midwest.
Bradco operates through a large number of subsidiaries and brands including: Admiral Building Products, Bak-A-Lum, FlexMaster, H. Verby Company, Bradco Tapered Express, Bradco Metals, Posey Steel & Supply and Bradco International.
Today, Bradco is owned by two strategic investors: Advent International
Advent International
Advent International is a global private equity firm focused on buyouts of middle market growth companies in Western and Central Europe, North America, Latin America and Asia...
and Apollo Global Management, among the largest Private Equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investors in the United States.
In late 2008, Bradco was able to secure a new debt facility from General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
to support future growth of the business.
With roots tracing back to its origins in New Jersey, Bradco operates across much of the Eastern two-thirds of the United States. Bradco branches can be found up and down the East Coast with a significant presence in the Midwest.
Company history
Bradco Supply was founded in 1966 by Barry Segal, with a single warehouse in Avenel, NJ. Since then the company has grown to over 130 locations in more than 30 states across the country.- 1972 – First branches opened in New Jersey and Conncecticut
- 1979 – Entry into Florida market
- 1986 – 17 locations in 8 states
- 1994 – Entry into Midwestern markets
- 1998 – Entry into Midwestern Texas market
- 2000 – 78 locations in 17 states
- 2007 – Apollo Management, a private equity firm based in New York acquires minority interest in Bradco Supply
- 2008 – Advent InternationalAdvent InternationalAdvent International is a global private equity firm focused on buyouts of middle market growth companies in Western and Central Europe, North America, Latin America and Asia...
, a private equity firm based in Boston, acquires a majority ownership in Bradco Supply. Founder, Barry Segal retires from active involvement in the company after more than 40 years - 2009 – 130 locations in 30 states
- 2010 - Bought by ABC Supply