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GMS Inc. (NYSE: GMS) delivers specialty building materials across North America through its network of 300+ distribution centers. This news hub provides investors and construction professionals with essential updates on corporate developments impacting the $50B+ building products distribution sector.
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Key coverage areas include financial results, acquisition activity, market expansion, and industry leadership developments. Bookmark this page for centralized access to verified updates about wallboard availability trends, ceiling system innovations, and steel framing market dynamics.
GMS (NYSE: GMS), a prominent North American distributor of specialty building products, announced an agreement to acquire Yvon Building Supply and its affiliates for up to CAD$196.5 million. The acquisition includes Yvon Insulation , Yvon Insulation Windsor, Laminated Glass Technologies, and Right Fit Foam Insulation. Expected to close in July 2024, the deal remains subject to regulatory approvals and customary conditions.
Yvon, a trusted supplier in Ontario with seven locations, generated over CAD$190 million in net revenues for the year ending February 29, 2024. The acquisition aims to enhance GMS's service and product offerings in southern Ontario, particularly in the fast-growing Greater Toronto Area. GMS will fund the transaction through cash on hand and borrowings under its revolving credit facility. Post-acquisition, the Yvon businesses will retain their brand names and current leadership.
GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, has acquired Howard & Sons Building Materials in Southern California, expanding its product offerings. The acquisition, completed on May 1, 2024, allows GMS to enhance its distribution network and provide a wider range of construction products to customers in the region.
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