COLORADO-BASED TUFF SHED MOVES INTO NORTHEAST

Denver-based purveyor of durable outbuildings Tuff Shed grew its reach and strengthened it bonds with Home Depot this week when it absorbed a counterpart in New England.

Tuff Shed announced Tuesday that it has acquired New Hampshire-based Sheds USA. With the assets comes access to the Northeast, the last U.S. region in which Tuff Shed was not selling and servicing its sheds, garages and commercial storage buildings. Terms of the deal were not disclosed.

“While we’ve had locations coast to coast for several years, we haven’t had a presence in the Northeast,” company president and founder Tom Saurey said in a prepared statement. “Now we do, and I’m delighted to say we service all of the Lower 48 U.S. states.”

Sheds USA was a partner with Home Depot, selling and installing products through 461 regional locations. By taking those over, Tuff Shed will now sell and install products through 1,946 Home Depots nationwide, the company says.

After posting a record $268 million in revenue in 2017, Tuff Shed is targeting $350 million in 2019. It also plans to add manufacturing locations in the Northeast.

The partially employee-owned company was founded in Idaho in 1981 before Saurey moved it to Denver in 1986. It has sold and installed more than 1 million buildings. Its most famous shed might be the one in Nederland housing the frozen body of Bredo Morstoel. ●●●