Follow-on Offering

Industrial
Follow-on Offering

Summary

Baird served as a passive bookrunner on this transaction

About

GMS Inc. (“GMS” or the “Company”) (NYSE: GMS), a portfolio company of AEA Investors LP, recently completed a follow-on offering of 7,992,500 shares of common stock at a price of $29.25 per share, generating gross proceeds of approximately $234 million. All shares offered were sold by the selling shareholders. GMS will not receive any proceeds from the offering.

GMS is the leading North American distributor of wallboard and suspended ceilings systems. The Company’s product offering of wallboard, suspended ceilings systems, or ceilings, and complementary interior construction products is designed to provide a comprehensive solution for GMS’ core customer, the interior contractor who installs these products in commercial and residential buildings. GMS serves as a critical link between suppliers and its highly fragmented customer base of over 20,000 contractors by transferring technical product knowledge, educating contractors on proper installation techniques for new products, ensuring local product availability and extending trade credit. GMS has grown from a single location to over 200 branches across 42 states through a combination of organic growth and acquisitions. GMS is headquartered in Tucker, Georgia.
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Industrial
Follow-on Offering
Date
February 2017
Company
GMS Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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