GMS Inc. Expands its Reach in Southern California with Acquisition of Howard & Sons Building Materials
TUCKER, Ga. - In a move to bolster its presence in Southern California, GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, has announced the acquisition of Howard & Sons Building Materials, Inc. The acquisition, which took place on May 1, 2024, adds to GMS’ service area and product offerings in the region, positioning the company for continued growth.
Based in Pomona, California, Howard & Sons Building Materials is a single-location distributor of Wallboard, Steel Framing, and Complementary Products. By acquiring this established distributor, GMS Inc. aims to tap into the booming construction industry in Southern California, where demand for building materials continues to rise.
GMS Inc. has been on a steady growth trajectory, evident from its recent financial results. The company recorded a 3.68% year-on-year increase in revenue, highlighting its strong performance in the market. Additionally, GMS achieved a sequential revenue growth of 8.09%, demonstrating its ability to capitalize on market opportunities.
The acquisition of Howard & Sons Building Materials further strengthens GMS’ market position, allowing it to cater to a broader customer base and expand its product offerings. By combining its expertise in specialty building products distribution with Howard & Sons’ local market knowledge, GMS can now provide a comprehensive range of construction materials to customers in Southern California.
We are thrilled to welcome Howard & Sons Building Materials to the GMS family, said John C. Turner Jr. President and CEO of GMS Inc. This acquisition represents an exciting opportunity for us to expand our footprint in Southern California and enhance our ability to serve customers in the region. We are confident that the expertise and relationships that Howard & Sons brings to the table will contribute to our continued success.
The acquisition aligns with GMS Inc.’s strategic growth priorities, which focus on expanding its geographic reach and product offerings to better meet customer demands. With a strong presence in North America and a commitment to delivering high-quality building products, GMS Inc. is well-positioned to capitalize on the thriving construction industry in Southern California.
As the region continues to experience population growth and increased construction activity, the demand for building materials is only expected to rise. GMS Inc.’s acquisition of Howard & Sons Building Materials enables the company to leverage this growth and establish itself as a key player in the Southern California market.
By offering a wide range of Wallboard, Steel Framing, and Complementary Products, GMS Inc. aims to become a one-stop-shop for construction professionals in the region. This strategic move demonstrates the company’s commitment to providing exceptional service, comprehensive product offerings, and timely delivery to its customers.
With a strong focus on customer satisfaction, GMS Inc. intends to maintain Howard & Sons Building Materials’ reputation for exceptional service and reliability. By leveraging shared synergies and resources, GMS will ensure a smooth integration process, preserving the trust and relationships established by Howard & Sons within the Southern California construction community.
In conclusion, GMS Inc.’s acquisition of Howard & Sons Building Materials marks a significant milestone in the company’s growth trajectory. This strategic move enables GMS to expand its service area, enhance its product offerings, and tap into the lucrative Southern California construction market. With a solid financial track record, industry expertise, and customer-centric approach, GMS Inc. is poised for continued success in the region.
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