GMS Announces Ongoing Platform Expansion Activity
- Six new greenfield locations enhance geographic footprint,
with expansion into two new markets
- Ames Taping Tools opens five new store locations
GMS Inc. (NYSE: GMS), a leading North American specialty
building products distributor, today provided an update on the
continued execution of its growth strategy with six new greenfield
openings, as well as the expansion of the footprint of its AMES
Taping Tools (“AMES”) business with the opening of five new stores
since GMS assumed ownership in early December 2021.
“Expanding our platform is one of the four key components of our
growth strategy, and the team continues to execute well,” said John
C. Turner, Jr., President and Chief Executive Officer of GMS. “We
are not only adding key geographies to our existing footprint and
core product offerings, but we are also adding capacity to further
accelerate growth of our complementary products, enhancing the
selection, services and value we provide to our customers.”
Greenfield Location Openings
As part of its organic growth strategy, GMS has opened six new
greenfield locations since the start of January, expanding its
presence to provide service to two new Top 100 Metropolitan
Statistical Areas (“MSA’s”) and enhancing its service capabilities
and product offerings in several others.
- In Fort Myers, FL, GMS expands its Southwest Florida
presence to add an eighteenth location servicing the State of
Florida. The new location fills an important whitespace area for
GMS in this Top 100 MSA.
- In Milford, CT, GMS stretches its footprint into
Southeast Connecticut to expand coverage into a new Top 100 MSA
- In Abilene, TX, GMS expands westward from its regional
base of operations in the Dallas/Fort Worth area to add coverage of
the metro area.
- In Statesboro, GA, GMS expands its presence to add
in-market coverage of the growing Statesboro, GA market.
- In Baltimore, MD, GMS expands its coverage in the
greater DC/Baltimore metro area, building on its market-leading
position and adding this location to, in part, bring an enhanced
focus on its tools and fastener offerings in the region.
- In Ocean Springs, MS, GMS enhances its presence and
ability to provide outstanding service in the Gulf Coast region
with its second location in the State of Mississippi following the
recent 2021 greenfield in Jackson, MS.
AMES Platform Expansion
Following its acquisition by GMS in December 2021, the AMES
platform continues to grow and execute against its previously
existing growth strategy by adding new AMES® store locations in
five markets. Locations in Madison, TN, Houston, TX, Pflugerville,
TX and Greenville, SC will add further market coverage to existing
geographies, while a store in Peoria, IL adds coverage to a new
market for AMES.
GMS expects to continue to build on its strong momentum with
several additional near-term greenfield and AMES expansion
Founded in 1971, GMS operates a network of nearly 300
distribution centers with extensive product offerings of wallboard,
ceilings, steel framing and complementary construction products. In
addition, GMS operates more than 90 tool sales, rental and service
centers, providing a comprehensive selection of building products
and solutions for its residential and commercial contractor
customer base across the United States and Canada. The Company’s
unique operating model combines the benefits of a national platform
and strategy with a local go-to-market focus, enabling GMS to
generate significant economies of scale while maintaining high
levels of customer service.
For more information about GMS, please visit www.gms.com.
Forward‐Looking Statements and Information:
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. You can generally identify forward-looking statements by our
use of forward-looking terminology such as "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may,"
"might," "plan," "potential," "predict," "seek," or "should," or
the negative thereof or other variations thereon or comparable
terminology. We have based these forward-looking statements on our
current expectations, assumptions, estimates and projections. While
we believe these expectations, assumptions, estimates, and
projections are reasonable, such forward-looking statements are
only predictions and involve known and unknown risks and
uncertainties, many of which are beyond our control.
Forward-looking statements involve risks and uncertainties,
including those factors described in the "Risk Factors" section in
our filings with the SEC. We undertake no obligation to update any
of the forward-looking statements made herein, whether as a result
of new information, future events, changes in expectation or
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Carey Phelps Vice President, Investor Relations Phone:
770-723-3369 Email: email@example.com
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