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GMS To Acquire Westside Building Material for $135 Million

05/11/2021 13:47

05:37 PM EDT, 05/11/2021 (MT Newswires) -- GMS (GMS) said Tuesday that it has entered into a definitive agreement to acquire substantially all the assets of Westside Building Material.

The transaction is valued at $135 million in cash.

Westside Building Material is a supplier of steel framing, wallboard, acoustical ceilings, insulation, and related building products serving commercial and residential markets. It has generated net revenues of approximately $200 million in 2020.

Shares were flat in the after-hours session.

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