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GMS to Acquire Westside Building Material
May 11, 2021 GMT
GMS Inc. (NYSE: GMS),
a leading North American specialty distributor of interior building products, today announced that it has entered into a definitive agreement to acquire substantially all the assets of Westside Building Material (“Westside”), one of the largest independent distributors of interior building products in the U.S., for $135 million in cash.
Founded in 1935 and headquartered in Anaheim, CA, Westside is a leading supplier of steel framing, wallboard, acoustical ceilings, insulation and related building products serving commercial and residential markets. Westside’s distribution network comprises ten locations, including nine across California (Anaheim, Hesperia, Oakland, Chatsworth, Fresno, Lancaster, Santa Maria, San Diego and National City) and one in Las Vegas, NV. For the twelve months ended December 31, 2020, Westside generated net revenues of approximately $200 million.