US: GMS has completed its acquisition of interior building products distributor Westside Building Material. The group says that it funded the US$135m deal with cash-on-hand and available borrowings on its revolving credit facility.
President and chief executive officer John Turner said, “Building on the momentum of our very solid fourth quarter 2021 earnings report, we are pleased to announce the successful completion of this transaction and welcome the Westside team to GMS. Westside significantly increases our reach in several major California markets and represents our first foray into the Las Vegas market. Expanding our geographic platform through accretive acquisitions such as this one continues to be a vital component of our strategic growth priorities.”
