-

GMS Completes Acquisition of Westside Building Material

TUCKER, Ga.--(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.

Contacts

Carey Phelps
Vice President, Investor Relations
Phone: 770-723-3369
Email: ir@gms.com

Industry:

GMS Inc.

NYSE:GMS
Release Versions
English

Contacts

Carey Phelps
Vice President, Investor Relations
Phone: 770-723-3369
Email: ir@gms.com

More News From GMS Inc.

GMS Completes the Acquisition of Brown Machinery

ATLANTA--(BUSINESS WIRE)--GMS Inc.(“GMS”), a leading North American specialty building products distributor, today announced that it has successfully acquired the assets of Brown Machinery, a leading commercial and residential supplier of EIFS, Stucco, Concrete Block and Masonry related products with four locations serving Oklahoma and North Texas. John C. Turner, Jr., President and Chief Executive Officer of GMS, said, “We are pleased to welcome Brown Machinery and its team of respected and kn...

GMS Reports First Quarter Fiscal 2026 Results

TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today reported financial results for the fiscal first quarter ended July 31, 2025. GMS Inc. Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share data)   Three Months Ended   July 31,   2025       2024   Net sales $ 1,414,332     $ 1,448,456   Cost of sales (exclusive of depreciation and amortization shown separately below)   977,807       9...

GMS Enters Into Agreement With The Home Depot to Be Acquired by SRS Distribution

TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE: GMS) (the “Company”), a leading North American specialty building products distributor, today announced the Company has entered into a definitive agreement with The Home Depot®, the world's largest home improvement retailer, to be acquired by its specialty trade distribution subsidiary, SRS Distribution (“SRS”). Under the terms of the agreement, a subsidiary of SRS will commence a tender offer to acquire all outstanding shares of GMS common stock fo...
Back to Newsroom