GMS to Acquire AMES Taping Tools

GMS Inc. (“GMS” or the “Company”), a specialty distributor of interior building products, announced that it has entered into a definitive agreement to acquire AMES Taping Tools Holding LLC (“AMES”). AMES is the nation’s foremost provider of automatic taping and finishing (“ATF”) tools and related products to the professional drywall finishing industry. The transaction is expected to close in the Company’s fiscal third quarter 2022 with a purchase price of $212.5 million in cash.

AMES provides a distinctive complement to GMS’s current offerings, significantly expanding the Company’s presence in the attractive tools and fasteners market. AMES’s portfolio includes the industry-leading finishing tool brand, TapeTech, and the top specialty interior finishing e-commerce platform, All-Wall. For the twelve months ended September 30, 2021, AMES achieved net sales of approximately $100 million.