GMS Inc. completed the acquisition of Kamco Supply Corporation from Swerdlick family.
March 29, 2024
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GMS Inc. (NYSE:GMS) entered into an agreement to acquire Kamco Supply Corporation from Swerdlick family for approximately $320 million on December 21, 2023. GMS expects to fund this transaction with cash on hand and borrowings under the Company?s established revolving credit facility. The transaction is expected to close during the fourth quarter of fiscal 2024 for GMS, which ends on April 30, 2024, subject to the satisfaction of customary closing conditions, including HSR approval. Following the close of the transaction, Kamco?s President, Scott Little and its senior leadership team, will continue to lead the business and the Company will continue to operate under the ?Kamco? brand. For the 12 months ended June 30, 2023, Kamco recorded revenues of approximately $245million.
GMS Inc. (NYSE:GMS) completed the acquisition of Kamco Supply Corporation from Swerdlick family on March 1, 2024.
GMS Inc. is a specialty building products distributor. The Company, through its subsidiaries, operates a network of approximately 300 distribution centers with product offerings of wallboard, ceilings, steel framing, and complementary construction products. The Company also operates approximately 100 tool sales, rental, and service centers. Through these operations, the Company provides a selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada. It also provides automatic taping and finishing (ATF) tools and related products to the professional drywall finishing industry. The Company offers its customers complementary products, including tools and fasteners, insulation, external insulation and finishing systems (EIFS), stucco, lumber and other wood products, ready-mix joint compound, and safety products. The Company also distributes its products through e-commerce platforms.
GMS INC. 
