GMS Inc. Successfully Completes Acquisition of Yvon Building Supply Inc.

Author

Slice of Real Estate Team
July 08, 2024

Key Highlights:

  • GMS Inc. acquires Yvon Building Supply Inc. and affiliates in Ontario, Canada.

  • Expands Core and Complementary Products in the Greater Toronto market.

  • Seven locations across Ontario providing high-quality building supplies.

  • Transaction funded with cash and credit, margin-accretive to GMS business.

  • Yvon generated CAD$195 million in net revenues for the twelve months ending May 31, 2024.

Source (Business Wire)

Notable Quote:

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“We are excited to welcome the Yvon team to GMS Canada and look forward to expanding our Core and Complementary Products in southern Ontario. As we highlighted during our recent earnings conference call for the fourth quarter and full year fiscal 2024, we are pleased to enhance our service and product offerings in the Greater Toronto market with the successful completion of this transaction.”

John C. Turner, Jr., President and Chief Executive Officer at GMS

Our Take:

The acquisition of Yvon Building Supply Inc. by GMS Inc. marks a significant strategic move to strengthen GMS's presence in the Ontario market. By integrating Yvon's seven locations and extensive product offerings, GMS is set to enhance its service capabilities and market reach in southern Ontario. This acquisition aligns with GMS's strategy of expanding its Core and Complementary Products, leveraging Yvon’s established customer base and high-quality service reputation. The transaction, funded through cash and credit, also showcases GMS’s robust financial strategy and commitment to growth. This move is expected to deliver substantial value to GMS’s stakeholders, maintaining the company's track record of successful acquisitions.