Gypsum Management & Supply (GMS) has entered into an agreement to acquire Kamco Supply Corporation and affiliates. The transaction is expected to close during the fourth quarter of fiscal 2024 for GMS, which ends on April 30, 2024.
“Kamco is a long-established leader in the building materials industry with an experienced and successful team. They are known for exceptional service and have outstanding customer relationships and an impressive suite of products from numerous leading brands, including Armstrong, CertainTeed, National Gypsum, USG, Owens Corning, and others,” John Turner, president and CEO of GMS, said in a prepared statement. “This acquisitions represents a unique opportunity to advance GMS’s strategic priorities, including expanding share in our corre product categories and continue to develop our presence in the New York metropolitan market, the largest remaining MSA where we do not have a significant presence.”
Founded in 1939 by the Swerdlick family and headquartered in Brooklyn, N.Y., Kamco is a supplier of ceilings, wallboard, steel, lumber, and other related construction products. The company operates five distribution facilities in the greater New York City area and services the New York metro and tri-state area. The company recorded revenues of approximately $245 million for the 12 months ended June 30, 2023.
Turner said GMS expects the addition to provide enhanced customer service capability, “significant cross-selling opportunities, a strengthened value proposition and a broader suite of top-tier product offerings.”
“We share GMS’s vision of building long-term relationships and providing best-in-class customer service to our customers,” Scott Little, president of Kamco, said. “As such, we believe that partnering with an industry leader whose values are well aligned with our own presents excellent opportunities for our employees and customers alike, and we look forward to driving continued success as part of GMS.”
Following the transaction, Kamco’s current president Scott Little and the company’s senior leadership team will continue to lead the business under the Kamco brand name.
GMS said it expects to capitalize on cross-selling opportunities with Kamco and GMS’s other operations in the region, including the recently acquired Tanner Bolt and Nut business.
GMS operates a network of approximately 300 distribution centers with product offerings of wallboard, ceilings, steel framing, and complementary construction products. The company also operates approximately 100 tool sales, rental, and service centers across the United States.
