To our Valued Customers and Partners,
We have some exciting news about the next major chapter in the Coastal story. Coastal has grown from a single location when we opened in 1975 to 14 locations across 6 states. We have grown because we built strong relationships with customers and industry-leading manufacturers, and we employed the best people in the business. For Coastal, this growth has helped us maintain a leadership position in an ever-changing business climate.
Through leadership; operational excellence; hiring, training and retaining the best people in the business; and strategic growth, we seek to realize our VISION 2025 -- to become the country's leading distributor of waterproofing, sealants and concrete repair products. Today we are announcing the steps we have taken to make this vision a reality.
After a lengthy and thorough process, we have selected a partner to work with us in support of our vision. We chose Supply Chain Equity Partners (www.supplychainequity.com) of Tampa, Florida, for this role.
Supply Chain Equity Partners (SCEP) is an investor group with a distribution-only focus. They partner with companies like Coastal who want to grow and become the dominant distributor in their industry. They are able to assist with financial resources as well as acquisition expertise.
The waterproofing distribution industry in the U.S. is consolidating to a few major, national players. Coastal expects to be one of them. This consolidation provides Coastal with the opportunity to expand into new geographic markets through new branch openings and to align ourselves with distributors with similar industry focus.
Our customer focus, our leadership and our DNA will remain rock-solid. We will continue to offer technical expertise and provide the highest quality materials available from industry-leading manufacturers. Our Foundation Principles will remain our guiding force as we grow.
You are important to Coastal Construction Products and we value the trust you place in us.