GMS Strengthens Southeast Presence with Acquisition of Florida Drywall Distributor
Tucker, GA, Sept. 2, 2016 – GMS Inc. (NYSE:GMS), a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced today its acquisition of Olympia Building Supplies, LLC (“Olympia”).
Olympia is a leading supplier of wallboard and related construction products including steel studs, joint compound, finishing products, insulation and other specialty products to the South Florida market. Founded in 2008, Olympia has grown rapidly from a single location in Pompano, Florida to the current network of three branch locations located in Pompano, Miami and West Palm Beach. Led by a very talented senior management team averaging in excess of 20 years of industry experience, Olympia is well-positioned to service the commercial and multi-family residential end markets.
Olympia will continue to operate under its current name, which has garnered significant respect and brand recognition among professional contractors in its markets. The entire team will join GMS, including its General Manager, Roger Shingler, an established and respected industry veteran.
Shingler said, “Combining forces with GMS is the right next step in our growth trajectory. GMS shares our passion for customer service and our commitment to providing high-quality products. We have successfully expanded our business to become a leading specialty distributor in Pompano, Miami and West Palm Beach, Florida. We are excited to further improve our ability to serve new and existing customers with the strong support of GMS’ national scale, operational expertise, and strong financial position. Being a part of the GMS family is the perfect fit for us.”
Chris Doyle, Vice President of the Southeastern division of GMS, added. “We are very happy to welcome the Olympia team to our company. Olympia is an excellent strategic fit for GMS with its broad product offering and loyal customer base in attractive markets. The acquisition of these three established locations in South Florida provides a very complementary addition to our strong existing positons in Central and Northern Florida. Furthermore, the highly seasoned team is driven by success. We look forward to integrating these assets onto our platform and remain vigilant in our pursuit to further strengthen GMS’ leadership positions in the Southeast and nationally for years to come.”
Founded in 1971, GMS operates a national network of distribution centers across the United States. GMS’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary interior 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
Forward-Looking Statements and Information:
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