GMS Expands in Western U.S. with Acquisition of Arizona Drywall Distributor
July 06 2016 - 7:00AM
Business Wire
GMS Inc. (NYSE:GMS), a leading North American distributor of
gypsum wallboard and suspended ceiling systems, announced today its
acquisition of RockWise, LLC (“RockWise”).
Founded in 2009, RockWise quickly became a leading supplier of
drywall and stucco to professional contractors in Arizona and
subsequently expanded into Colorado. RockWise services large and
small projects through its two locations in Arizona and one
location in southwest Colorado. RockWise will become part of GMS’
existing operations in Arizona and Colorado, while retaining the
entire team, including Tom Pritchard, founder and President of
RockWise, and focus on its deep-rooted customer base.
Mr. Pritchard stated, “I am truly excited to become a new member
of the GMS family. In just seven years we have grown into an
industry leader in our markets. Our success is due to our
commitment to provide unsurpassed service, quality products and
long term relationships to our customers. GMS shares these core
values and provides a perfect fit for the next chapter of our
growth.”
Don Taylor, Western VP of GMS, echoed Pritchard’s excitement,
“We are very happy to welcome the RockWise team into the GMS
family. With three established locations, this team is driven by
success and we are excited to help fuel their growth. In turn, the
expansion of GMS in Arizona and Colorado will play an important
role as we continue to grow in the western U.S. With our national
network and their loyal customer base, we expect our expanded
regional footprint to continue on its successful path for years to
come.”
About GMS:
Founded in 1971, GMS operates a national network of distribution
centers across the United States. GMS’s extensive product offering
of wallboard, suspended ceilings systems, or ceilings, and
complementary interior construction products is designed to provide
a comprehensive one-stop-shop for our core customer, the interior
contractor who installs these products in commercial and
residential buildings.
For more information about GMS please visit www.gms.com.
Forward‐Looking Statements and Information:
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. You can generally identify forward-looking statements by our
use of forward-looking terminology such as "anticipate," "believe,"
"continue," "could," "estimate," "expect," "intend," "may,"
"might," "plan," "potential," "predict," "seek," or "should," or
the negative thereof or other variations thereon or comparable
terminology. We have based these forward-looking statements on our
current expectations, assumptions, estimates and projections. While
we believe these expectations, assumptions, estimates and
projections are reasonable, such forward-looking statements are
only predictions and involve known and unknown risks and
uncertainties, many of which are beyond our control.
Forward-looking statements involve risks and uncertainties,
including, but not limited to, economic, competitive, governmental
and technological factors outside of our control, that may cause
our business, strategy or actual results to differ materially from
the forward-looking statements. These risks and uncertainties may
include, among other things: changes in the prices, supply, and/or
demand for products which we distribute; general economic and
business conditions in the United States; the activities of
competitors; changes in significant operating expenses; changes in
the availability of capital and interest rates; adverse weather
patterns or conditions; acts of cyber intrusion; variations in the
performance of the financial markets, including the credit markets;
and other factors described in the "Risk Factors" section in our
filings with the SEC. We undertake no obligation to update any of
the forward looking statements made herein, whether as a result of
new information, future events, changes in expectation or
otherwise.
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