M&A Deal Summary

GMS Acquires Ames Taping Tools

On November 3, 2021, GMS acquired building materials company Ames Taping Tools from Sun Capital Partners for 213M USD

Acquisition Highlights
  • This is GMS’s 6th transaction in the Building Materials sector.
  • This is GMS’s 2nd largest (disclosed) transaction.
  • This is GMS’s 25th transaction in the United States.
  • This is GMS’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-11-03
Target Ames Taping Tools
Sector Building Materials
Buyer(s) GMS
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Deal Value 213M USD

Target

Ames Taping Tools

Duluth, Georgia, United States
Ames Taping Tools is a designer, manufacturer, rents, and sells specialized construction equipment used for taping and finishing drywall. Ames Taping Tools was founded in 1939 and is based in Duluth, Georgia.

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Buyer(S) 1

Buyer

GMS

Tucker, Georgia, United States
Category Company
Founded 1971
Sector Distribution
Employees5,308
Revenue 4.6B USD (2022)
DESCRIPTION

GMS is an independent distributor of drywall, acoustical and other specialty building materials in the United States. GMS was founded in 1971 and is based in Tucker, Georgia.

DEAL STATS #
Overall 27 of 30
Sector (Building Materials) 6 of 8
Type (Add-on Acquisition) 24 of 27
State (Georgia) 1 of 1
Country (United States) 25 of 27
Year (2021) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Westside Building

Anaheim, California, United States

Westside Building is a provider of steel framing, wallboard, acoustical ceilings, insulation, and related building products serving commercial and residential markets. Westside’s distribution network comprises ten locations, including nine across California (Anaheim, Hesperia, Oakland, Chatsworth, Fresno, Lancaster, Santa Maria, San Diego, and National City) and one in Las Vegas, NV. Westside Building was founded in 1935 and is based in Anaheim, California.

Buy $135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Tanner

Brooklyn, New York, United States

Tanner is a distributor of fasteners, tools, safety, and related construction products to the broader New York City market. The company is a "Safety First"​ supplier featuring code-compliant concrete anchors for strength design, fall and drop protection systems, and an array of personal protective equipment (PPE). Tanner was formed in 1979 and is based in Brooklyn, New York.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 118 of 127
Sector (Building Materials) 6 of 7
Type (Add-on Acquisition) 48 of 53
State (Georgia) 1 of 2
Country (United States) 84 of 88
Year (2021) 5 of 5
Size (of disclosed) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Bellrock Property & Facilities Management

Leicester, United Kingdom

Bellrock Property & Facilities Management supplies a range of managed facilities and property services under long-term contracts to a blue-chip client-base spanning the healthcare, education, corporate and retail sectors. Bellrock Property & Facilities Management was founded in 1995 and is based in Leicester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Total Transportation Services

Long Beach, California, United States

Total Transportation Services is a port and rail drayage businesses in North America and is the only drayage provider with a container yard strategically located within the Port of Los Angeles, the largest port of entry by container volume in North America. The Company also has a growing presence in other significant markets, including New York/New Jersey, Chicago, Seattle/Tacoma, Norfolk, and Savannah. In addition to drayage, TTSI offers regional trucking with dedicated fleets, warehousing, and brokerage primarily serving the retail, freight logistics, apparel, and automotive markets. Total Transportation Services was founded in 1989 and is based in Long Beach, California.

Buy -
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