| Proposed Ticker: - | 122 East 42nd Street, Suite 1116 | |
| Exchange: NASDAQ-Small Cap Market | New York, New York 10168 | |
| Industry: Wholesale | (212) 986-6190 |
| All share information is proposed | ||||
| Type of Shares: | Common Shares | Filing Date: | 8/12/96 | |
| U.S. Shares Filed: | 1,500,000 | Filing Price: | $5.00 | |
| Non-U.S. Shares Filed: | 0 | Offering Amount: | $7,500,000 | |
| Primary Shares: | 1,500,000 | Expenses: | $470,000 | |
| Secondary Shares: | 0 | Shs Out After: | 4,100,000 | |
| Manager | Tier | Phone |
| Barron Chase Securities, Inc. | Lead Manager | (800) 678-3022 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $50.48 | $42.21 | $35.41 | Assets: | $18.00 |
| Net Income: | $0.35 | $0.93 | $0.39 | Liabilities: | $14.40 |
| EPS: | $0.14 | $0.36 | $0.15 | Equity: | $3.59 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was organized to raise capital and acquire, own, integrate and operate seasoned, privately-held companies engaged in the wholesale distribution of roofing supplies and related products industry and companies which manufacture to such industry. Simultaneously with the closing of the public offering, the company will acquire all of the issued and outstanding securities of Eagle Supply, Inc. from TDA Industries, Inc., the company's current majority stockholder. Eagle, which was founded in Florida in 1905, distributes roofing supplies and related products to contractors and subcontractors engaged in commercial and residential roofing repair and the construction of new residential and commercial properties. Eagle sells to more than 2,000 customers in Florida, Alabama and the southern portions of Georgia and Mississippi using its own direct sales force. Products distributed by Eagle include equipment, tools and accessory products for the removal of old roofing, re-roofing and roof construction, and related materials such as insulation, shingles, tiles, liquid roofing materials, fasteners, ventilation materials and sheet metal of the type used in the roofing industry. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance acquisitions of companies operating primarily in the roofing supplies and related products industry, and for working capital purposes, including general corporate purposes of the company and Eagle. |
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