GMS distributes wallboard, ceilings, steel framing. and complementary building products.
“Kamco is a long-established leader in the building materials industry with an experienced and successful team,” said Turner, Jr. “They are known for exceptional service and have outstanding customer relationships and an impressive suite of products from numerous leading brands, including Armstrong, CertainTeed, National Gypsum, USG, Owens Corning, and others.”
Founded in 1971 and based in Tucker, Georgia, GMS operates a network of over 300 distribution centers that offer wallboard, ceilings, steel framing. and complementary building products. In addition, GMS operates more than 100 tool sales, rental, and service centers.
“We share GMS’s vision of building long-term relationships and providing best-in-class customer service to our customers,” said Scott Little, president of Kamco. “As such, we believe that partnering with an industry leader whose values are well aligned with our own presents excellent opportunities for our employees and customers alike, and we look forward to driving continued success as part of GMS.”
GMS said that it expects to fund this transaction with cash on hand and borrowings under the company’s established revolving credit facility.