GMS Expands Into NYC Market with Acquisition, Greenfield Facility - Modern Distribution Management

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GMS Expands Into NYC Market with Acquisition, Greenfield Facility

GMS marked the beginning of its expansion into the New York City with the acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut.

Georgia-based building products distributor GMS Inc. announced Jan. 3 the first entries of its expansion into the New York City market. These include the acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut and the opening of a new greenfield location. GMS ranked No. 8 in MDM’s 2022 Top Building Materials/Construction Distributors list.

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“We are excited to announce our first entries in the New York City market with the acquisition of Tanner Bolt and Nut, Inc. and the expansion of our relationship with USG to supply ceiling products from a new greenfield location in Brooklyn,” GMS president and CEO John Turner Jr. said. “We are pleased to take this first step into such a significant market. With Tanner’s focus on tools and fasteners, these additions, along with the establishment of several new greenfield yard locations and AMES stores over the last several months represent our continued commitment to the execution of our strategic priorities of platform expansion and Complementary Product growth.”

Founded in 1979, Tanner Bolt & Nut is a distributor of fasteners, tools, safety and related construction products with four locations in the New York metro area. Tanner president Jeffrey Tannenbaum and his team will continue to operate the business under the Tanner brand name following the acquisition, according to a news release.

GMS also opened a new greenfield location in New York City earlier this week. The facility is focused on the growth of acoustical ceilings into the New York metro area, according to the release. Additionally, GMS announced it has opened greenfield locations in Greenville, North Carolina, and Chester, Virginia, in recent months.

Lastly, GMS announced the openings of three new AMES store locations in Fresno, California; Palm Bay, Florida; and Concord, North Carolina. GMS has continued to grow its AMES platform since it acquired AMES Taping Tools in December 2021.

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.

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