Who Owns ABC Supply Company?

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Who Owns ABC Supply Co. Inc.?

Understanding the ownership of a major distributor is key to its market strategy. A significant shift occurred in April 2013, when Diane Hendricks took sole control, cementing its status as a private, family-oriented business.

Founded in 1982, the company has grown to be the largest wholesale distributor of exterior building products in North America. As of 2024, it operates over 1,000 locations and achieved revenues of $20.7 billion.

Who owns ABC Supply Co. Inc.?

The ownership of ABC Supply Company is rooted in its co-founders, Ken and Diane Hendricks. They launched the company in 1982, driven by Ken's experience in the roofing sector and a desire to offer contractors greater respect and support.

Founding Year

ABC Supply Company was founded in 1982. This was during an economic downturn, a period that highlighted the founders' entrepreneurial spirit.

Initial Acquisition

The company began with the acquisition of three supply centers. These were located in Muskegon, Michigan, and Belleville and Springfield, Illinois.

Founders' Vision

The core principle was to treat contractors with respect. This approach aimed to foster growth for their businesses through reliable product and service provision.

Private Ownership

From its inception, ABC Supply has been a privately held company. This allowed the founders to guide its development according to their vision without external shareholder pressures.

Ken Hendricks' Background

Before co-founding ABC Supply, Ken Hendricks had already established a significant presence in the industry. By 1971, he had built a multi-state roofing operation employing 500 people.

Diane Hendricks' Role

Diane Hendricks played a crucial role as a business partner. Her experience included selling custom homes and holding a real estate broker's license, contributing valuable business acumen.

Following Ken Hendricks' passing in 2007, Diane Hendricks took over the full ownership and leadership of ABC Supply Company. This transition ensured the continuation of the company's established values and operational direction. The company's private status has been a key factor in its ability to maintain a consistent focus on its strategic goals and customer relationships, as detailed in its Growth Strategy of ABC Supply.

Early Ownership Structure

The initial ownership of ABC Supply was entirely held by Ken and Diane Hendricks. While specific equity details are not public, it operated as a joint venture between the couple.

• Founders: Ken and Diane Hendricks
• Company Status: Privately owned
• Initial Operations: Acquired 3 supply centers
• Founding Principle: Respect for contractors

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The ownership structure of ABC Supply Co. Inc. has remained consistent as a privately held entity, with a significant shift occurring after the passing of co-founder Ken Hendricks in December 2007. His widow, Diane Hendricks, assumed sole ownership and leadership, shaping the company's trajectory as its chairman.

Under Diane Hendricks' stewardship, ABC Supply has experienced considerable expansion, notably through major acquisitions like Bradco Supply in 2010 and L&W Supply in 2016. These strategic moves have solidified its position as the leading wholesale distributor of building products in North America. As of 2024, the company reported revenues of $20.7 billion and operates over 1,000 locations. Diane Hendricks' personal wealth, largely derived from her ownership of ABC Supply, is estimated at $22.3 billion as of June 2025, a testament to her sustained success as America's richest self-made woman for eight consecutive years. The company functions as a subsidiary of Hendricks Holding Co., Inc. (HHC), also chaired by Diane Hendricks. ABC Supply remains entirely family-owned, with no public shareholders, venture capital, or private equity firms holding stakes, reinforcing its status as a privately held enterprise. This structure allows for long-term strategic planning, aligning with the Target Market of ABC Supply.

Key Ownership Facts

ABC Supply Company is a privately held, family-owned business. Diane Hendricks is the sole owner and chairman.

• Sole Owner: Diane Hendricks
• Company Status: Privately Held
• Parent Company: Hendricks Holding Co., Inc.
• No Public Shareholders
• Family-Owned Structure

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As a privately held entity, ABC Supply Company's governance and voting power are concentrated. Diane Hendricks holds the position of Chairman of the Board, a role she assumed following the passing of her husband, Ken Hendricks, in 2007. Her sole ownership of the company vests her with complete control and ultimate decision-making authority.

The executive leadership team, including CEO Keith Rozolis and President and COO Mike Jost, operates under Diane Hendricks' guidance. This structure ensures that while the management team handles daily operations and implements strategic initiatives, the overarching vision and control remain with the sole owner. The company's private status means there are no public market complexities like dual-class shares or activist investor involvement, simplifying the decision-making process and reinforcing the owner's influence on the company's direction. Understanding the Mission, Vision & Core Values of ABC Supply provides further insight into the company's strategic priorities.

Ownership and Control

ABC Supply Company is a privately held business with a singular ownership structure. This means voting power and strategic control are centralized with the owner.

• Diane Hendricks is the sole owner and Chairman of the Board.
• The company's private nature avoids complexities of public ownership.
• Executive leadership reports to and operates under the owner's direction.
• This structure allows for direct implementation of the owner's vision.

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In recent years, ABC Supply Co. Inc. has maintained its status as a privately held entity, focusing on strategic growth and internal leadership development. The company's ownership structure has remained consistent, with Diane Hendricks continuing as the sole owner and Chairman.

Recent leadership changes reflect a commitment to internal advancement. Mike Jost assumed the role of President and Chief Operating Officer on January 1, 2025. Further strengthening the management team, Andy Callaway was promoted to Senior Vice President of Merchandising, Frank Marcoccio to Chief Administrative Officer of ABC Supply and Chief Operating Officer of L&W Supply, and Jonathan Shepard to President of Branch Operations in March 2025. The company's dedication to nurturing talent is evident in its Managing Partner Program, with 47 branch managers recognized in 2025, following 51 such recognitions in 2024.

Ownership Structure

Diane Hendricks is the sole owner and Chairman of ABC Supply. The company operates as a privately held entity, distinguishing it from publicly traded competitors.

Financial Performance

As of June 2025, Diane Hendricks' net worth is estimated at $22.3 billion. The company reported fiscal 2024 revenues of $20.7 billion.

Strategic Growth

ABC Supply has pursued a growth strategy through acquisitions, including Roofing & Supplies, Inc. and United Roofing Supply in 2024 and 2025. These moves align with industry consolidation trends.

Company Culture and Recognition

The company emphasizes an 'employee-first' culture and has received workplace awards, such as the 2025 NAW Distributors Deliver Award. This focus supports its internal talent development initiatives, as seen in the Managing Partner Program.

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