AEA-Backed GMS Completes Initial Public Offering
AEA Middle Market Private Equity portfolio company, GMS Inc. today announced the completion of its initial public offering of 7,000,000 shares of its common stock at a public offering price of $21.00 per share.
New York – May 26, 2016 – AEA Middle Market Private Equity portfolio company, GMS Inc. (NYSE: GMS) (“GMS” or the “Company”), a leading North American specialty distributor of interior building products, today announced the completion of its initial public offering of 7,000,000 shares of its common stock at a public offering price of $21.00 per share. Shares of the Company’s common stock began trading on the New York Stock Exchange under the symbol “GMS.” The offering is expected to close on June 1, 2016, subject to the satisfaction of customary closing conditions.
About AEA
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA has an extraordinary global network built over many years which includes leading industrial families, business executives and leaders; many of whom invest with AEA as active individual investors (“Participants”) and/or join its portfolio company boards or act in other advisory roles. Today, AEA’s approximately 70 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have approximately $10 billion of invested and committed capital including the leveraged buyouts of middle market companies and small business companies and mezzanine and senior debt investments. AEA Private Equity invests across three sectors: value added industrials, consumer, and services.
About GMS Inc.
GMS is the leading North American distributor of wallboard and suspended ceilings systems. GMS’s product offering of wallboard, suspended ceilings systems, and complementary interior construction products is designed to provide a comprehensive solution for its core customer, the interior contractor who installs these products in commercial and residential buildings. Founded in 1971, GMS operates a national network of distribution centers across the United States. With a full line of product offerings, GMS provides a comprehensive solution, or one-stop-shop, for all of its customers for wallboard, ceilings and complementary products.
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