- Florida acquisition expands complementary product offering in Southwest Florida
- Four new greenfield locations expand presence in key markets
- AMES continues to execute its growth strategy with the addition of five new locations
GMS Inc., a leading North American specialty building products distributor, provided an update on the continued execution of its growth strategy with the acquisition of Construction Supply of Southwest Florida, Inc., as well as the recent opening of four new greenfield locations and five new AMES stores since the Company’s last update.
“We are excited to announce the acquisition of Construction Supply of Southwest Florida, Inc., and we welcome the team to the GMS family,” said John C. Turner, Jr., President and Chief Executive Officer. “This acquisition, along with the establishment of four new greenfield locations and five new AMES stores, represent continued execution of our growth strategy through platform expansion and our focus on growing our Complementary Products.”
Construction Supply of Southwest Florida, Inc. (“CSSWF”); Acquired June 1, 2022
Founded in 2002, Construction Supply of Southwest Florida, Inc., which is based in Sarasota, FL, is a leading distributer of various stucco, building, and waterproofing supplies serving the Sarasota, Bradenton, Venice and North Port local markets with broader outreach to the Tampa and Ft. Myers markets. The acquisition of CSSWF further expands GMS’s Complementary Product offerings and establishes an inaugural stucco-focused location in the state of Florida.
Founder Laura Strub and the entire CSSWF team will continue with the business going forward, operating under the original company name. CSSWF will partner with the legacy GMS brand, Gator Gypsum, Inc, a leader in specialty building products distribution in central and southwestern Florida, to provide additional Complementary Product offerings across the region.
Greenfield Location Openings
GMS also recently established four new greenfield locations, expanding its presence to provide enhanced service and product offerings in several markets:
- In Woburn, MA, GMS adds a ninth location to the New England Gypsum Supply, Inc. platform expanding service and capabilities across New England and the broader Northeast market.
- In Wildwood, FL, GMS adds its fourteenth location to the Gator Gypsum, Inc. platform, expanding service from legacy operations in Northern Florida into the Wildwood MSA east of Orlando.
- In Cleveland, OH, GMS adds to its Ohio Valley Drywall Supply operations with a full-product-line location in the Cleveland market, complementing last year’s acquisition of Architectural Coatings Distributors, Inc., which is focused on EIFS/Stucco.
- In West Union, SC, GMS adds to its Tucker Materials, Inc. operations with an additional location servicing the Upstate South Carolina area.
AMES Platform Expansion
Following its acquisition by GMS in December 2021, the AMES platform continues to execute against its growth strategy by adding five new AMES® store locations in Santa Fe Springs, CA, Pensacola, FL, North Charleston, SC, Ocala, FL and Durham, NC, enhancing its market coverage in these geographies.
GMS expects to continue to build on its strong momentum with several additional near-term greenfield and AMES expansion opportunities identified.
