GMS Inc. provided an update on the continued execution of its platform expansion strategy with its first entries in the New York City market. These include the acquisition of Tanner Bolt and Nut Inc.
“We are excited to announce our first entries in the New York City market with the acquisition of Tanner Bolt and Nut and the expansion of our relationship with USG to supply ceiling products from a new greenfield location in Brooklyn,” said John C. Turner Jr., president and CEO. “We are pleased to take this first step into such a significant market. With Tanner’s focus on tools and fasteners, these additions, along with the establishment of several new greenfield yard locations and AMES stores over the last several months, represent our continued commitment to the execution of our strategic priorities of platform expansion and Complementary Product growth.”
Founded in 1979, Tanner Bolt and Nut, based in Brooklyn, New York, is a distributor of fasteners, tools, safety and related construction products to the broader New York City market. The acquisition of Tanner’s four metro area locations establishes GMS’s inaugural positioning with complementary product offerings in the New York Metro area.
Building on a 40-plus year legacy in the market, President Jeffrey Tannenbaum and the Tanner team will continue to lead the business under the Tanner brand name. Tanner will partner with the legacy GMS operations of Capitol Building Supply, Inc., a leader in specialty building products distribution in the Northeast, to serve customers across the region.