GMS Completes Acquisition of Westside Building Material
02 Julho 2021 - 7:45AM
Business Wire
GMS Inc. (NYSE: GMS), a leading North American specialty
distributor of interior building products, today announced the
successful completion of its previously announced acquisition of
Westside Building Material (“Westside”), one of the nation’s
largest independent distributors of interior building products.
“Building on the momentum of our very solid fourth quarter 2021
earnings report, we are pleased to announce the successful
completion of this transaction and welcome the Westside team to
GMS,” said John C. Turner Jr., President and Chief Executive
Officer of GMS. “Westside significantly increases our reach in
several major California markets and represents our first foray
into the Las Vegas market. Expanding our geographic platform
through accretive acquisitions, such as this one, continues to be a
vital component of our strategic growth priorities.”
GMS funded the $135.0 million purchase price proceeds with cash
on hand and available borrowings on its revolving credit
facility.
About GMS
Celebrating the 50th anniversary of its founding in 1971, GMS
operates a network of more than 275 distribution centers across the
United States and Canada. GMS’s extensive product offering of
wallboard, suspended ceilings systems, or ceilings, and
complementary construction products is designed to provide a
comprehensive one-stop-shop for our core customer, the interior
contractor who installs these products in commercial and
residential buildings.
For more information about GMS, please visit www.gms.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210702005024/en/
Carey Phelps Vice President, Investor Relations Phone:
770-723-3369 Email: ir@gms.com
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