Building on our strong, existing relationships, we are excited to bring our customer-first culture and deep industry matter expertise to GMS to create a best-in-class product and service experience for our customers and growth opportunities for employees.”ĪMES services customers through its multichannel distribution model including:ġ. Like GMS, customer service has been a cornerstone of the AMES business since our founding over 80 years ago. Jay Davisson, President and CEO of AMES added, “We are excited about the opportunity to join the GMS team. We believe this transaction will add immediate benefits as part of one of our strategic growth priorities to diversify our core product offerings, and will further position GMS to drive long-term growth and shareholder value.” With its multichannel distribution model and strong customer relationships, AMES is expected to generate accretive EBITDA margins for GMS. “AMES has highly-respected brands and an entrepreneurial culture with an attractive growth plan, which all align well with our strategic priorities and provide an excellent opportunity for GMS to expand our presence in the growing ATF tools market. Turner, Jr., President and Chief Executive Officer of GMS.
Gms company full#
“We are pleased to welcome the AMES team to GMS and provide a full suite of offerings for interior contractors and drywall finishers,” said John C. For the twelve months ended September 30, 2021, AMES achieved net sales of approximately $100 million. AMES’s portfolio includes the industry-leading finishing tool brand, TapeTech®, and the top specialty interior finishing e-commerce platform, All-Wall®. The transaction is expected to close in the Company’s fiscal third quarter 2022 with a purchase price of $212.5 million in cash.ĪMES provides a distinctive complement to GMS’s current offerings, significantly expanding the Company’s presence in the attractive tools and fasteners market.
Gms company professional#
AMES is the nation’s foremost provider of automatic taping and finishing (“ATF”) tools and related products to the professional drywall finishing industry. (NYSE: GMS) (“GMS” or the “Company”), a leading North American specialty distributor of interior building products, today announced that it has entered into a definitive agreement to acquire AMES Taping Tools Holding LLC (“AMES”).