Gypsum Management & Supply, Inc. (GMS) reported that it has entered into a definitive agreement to acquire substantially all the assets of Westside Building Material.
Westside is one of the largest independent distributors of interior building products. GMS is paying $135 million cash for the deal.
Founded in 1935 and headquartered in Anaheim, Calif., Westside supplies steel framing, wallboard, acoustical ceilings, insulation and related building products serving commercial and residential markets.
The company’s distribution network includes 10 locations, including 9 in California and a branch in Las Vegas.
GMS said that Westside generated revenue of approximately $200 million in 2020.
“The acquisition of Westside reflects the continued execution of our growth strategy and brings together two leading organizations with shared cultures and entrepreneurial values,” said John Turner, president and CEO of GMS.
Westside’s current management team, including President Dick Peckham and CEO Bill Peckham, will continue to lead the business. Following the close of the transaction, Westside will continue to operate under the “Westside” banner. The deal is expected to close in the third quarter.
Based in Tucker, Ga., GMS operates a network of more than 265 distribution centers across the United States and Canada. The distributor’s product offerings include wallboard, ceilings, and complementary construction products.