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GMS Acquires Trowel Trades Supply to Expand into Vermont
Thursday 06 February 2020

6 February 2020 - Georgia, US-based interior building products distributor GMS Inc. (NYSE: GMS) has acquired Vermont-based interior building materials distribution company Trowel Trades Supply, Inc. to enter the Vermont space, the company said.
Terms of the transaction were not disclosed.
The acquisition of Trowel Trades expands GMS' coverage in the US to 44 states.
The acquisition also follows recent greenfield expansions in Portland, Maine and Manchester, New Hampshire, reflecting the long-term strategic importance of the New England market.
GMS operates a network of more than 260 distribution centres 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 interior contractors who installs these products in commercial and residential buildings.
Date Published: 06/02/2020
Target: Trowel Trades Supply, Inc
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Status: Closed
Buyer: GMS Inc.
Terms of the deal were not disclosed