It nets GMS three locations between Ottawa and Ontario and more than 50 employees.
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It nets GMS three locations, including its first in the Colorado Springs market.
The Home Depot acquired GMS this past September for $5.5 billion, and it now operates under HD’s SRS Distribution subsidiary.
Specialty building products distributor GMS acquired Brown Machinery, a supplier of EIFS, stucco, concrete block and masonry-related products in Oklahoma and North Texas.
The deal went final just over a month after it was originally announced, and marks HD’s second landmark building materials distribution purchase in about 15 months.
GMS reported a year-over-year decline in first quarter 2026 sales, with lower profits across most product categories.
GMS has agreed to be acquired by The Home Depot’s subsidiary SRS Distribution for $110 per share, topping a rival bid and valuing the deal at $5.5 billion.
Home Depot and QXO are both pursuing a potential acquisition of GMS, following QXO’s $5 billion bid, according to the Wall Street Journal.
Just 50 days after closing on its $11 billion purchase of Beacon, QXO is back in pursuit mode.
GMS reported lower fourth-quarter results amid soft market conditions, with strength in Ceilings and Complementary Products more than offset by declines in Wallboard and Steel.
GMS reported a slight YoY sales increase for 3Q25, but faced a decline in gross profit and adjusted EBITDA due to soft market demand and weather disruptions.
Recent acquisitions boosted overall sales, while the company cited a challenging market leading to continued organic declines.
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It extends what has already been a decade-long relationship, helping Kodaris enhance and scale its suite of enterprise features.
GMS' organic sales declined in 1Q25, and it added Florida-based R.S. Elliot Specialty Supply earlier in August.
The distributor saw sequential improvement in 4Q as volume growth across major product lines was partially offset by steel price deflation.
In GMS' third deal of the year, the specialty building products distributor will add Yvon Building Supply and its affiliate companies.
Pomona, CA-based Howard & Sons distributes a range of wallboard and steel framing products in Southern California.
More than a handful of MDM’s Top Distributors were well-represented on the third annual feature.
The addition of building materials distributor Kamco Supply expands GMS' wallboard distribution and geographic footprint.
The specialty building products distributor saw gross margin improve 40 bps year-over-year, though EBITDA fell by a larger margin.
