GMS Announces Pricing of Initial Public Offering

TUCKER, Ga.--()--GMS Inc. (the “Company”) today announced the pricing of its initial public offering of 7,000,000 shares of its common stock at a public offering price of $21.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its common stock. Shares of the Company’s common stock are expected to begin trading on May 26, 2016 on the New York Stock Exchange under the symbol “GMS.” The offering is expected to close on June 1, 2016, subject to the satisfaction of customary closing conditions.

Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers and as representatives of the underwriters in the offering. RBC Capital Markets, LLC, Robert W. Baird & Co. Incorporated and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering, and SunTrust Robinson Humphrey, Inc., Raymond James & Associates, Inc. and Stephens Inc. are acting as co-managers. The offering of these securities is being made only by means of a prospectus. Copies of the final prospectus may be obtained, when available, from: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com; or Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, by telephone at (800) 221-1037 or by email at newyork.prospectus@credit-suisse.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on May 25, 2016. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GMS Inc.

GMS is the leading North American distributor of wallboard and suspended ceilings systems. GMS’s product offering of wallboard, suspended ceilings systems, or ceilings, and complementary interior construction products is designed to provide a comprehensive solution for our core customer, the interior contractor who installs these products in commercial and residential buildings. Founded in 1971, GMS operates a national network of distribution centers across the United States. With a full line of product offerings, GMS provides a comprehensive solution, or one-stop-shop, for all of our customers for wallboard, ceilings and complementary products.

Contacts

Investor Relations:
ir@gms.com
678-353-2883
or
Media Relations:
Phone: 770-723-3378
Email: marketing@gms.com

Contacts

Investor Relations:
ir@gms.com
678-353-2883
or
Media Relations:
Phone: 770-723-3378
Email: marketing@gms.com