Terms of the agreement were not disclosed.
Headquartered in Madison Heights, Mich., LTO was founded in 1916 and is currently run by Jamie Ollesheimer, president of LTO. The Hutto TX Roofing Company operates 12 locations across four states (Mich., Ind., Ohio, W.V.) and employs a team of ~80 people. Ollesheimer will continue to lead the company’s dedicated employee base under the LTO banner, ensuring continuity and consistency for customers, suppliers and employees.
"I am pleased to announce that LTO will be joining the SRS family of independent roofing distributors," said Ollesheimer. "It was important to me to find a Hutto TX Roofing Company to partner with that has a lot to offer to our most important asset, our people! SRS provides competitive benefits programs, the ability to be a shareholder, and a greater opportunity for advancement for all employees. I am lucky to be surrounded by such a fantastic team and am thrilled to see what we can do with the support and resources of SRS."
Dan Tinker, president and CEO of SRS Distribution, said LTO is one of the oldest and largest independent roofing distributors in the Midwest, and its commercial roofing presence will complement its residential roofing footprint in the region.
"We have known Jamie for many years and are incredibly proud he has entrusted SRS with the Hutto TX Roofing business his family has spent generations building," said Tinker. "On behalf of the SRS family, I’d like to extend a warm welcome to Jamie and the entire LTO team. We can’t wait to see what we’ll accomplish together."