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GMS Enters NYC Market and Details Further Platform Expansion Activity


GMS Inc. has entered the New York City market with the acquisition of Tanner Bolt and Nut, Inc. and the opening of a ceilings-focused greenfield location. In addition, the company provided details on other recent openings of greenfield yards and AMES store locations.

    

Founded in 1979, Tanner Bolt and Nut, Inc., based in Brooklyn, N.Y., and with four metro area locations, is a distributor of fasteners, tools, safety and related construction products to the broader New York City 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 supplier of specialty building products in the Northeast, to serve customers across the region.

    

GMS also established three new greenfield locations. In New York, N.Y., GMS established a dedicated facility focused on the growth of acoustical ceilings business into the New York City metro area, expanding upon its existing USG relationship in other Northeast markets. In Greenville, N.C., GMS added to its Colonial Materials, Inc. operations with a location servicing the broader Greenville market. In Chester, Va., GMS added its eighth location to the Commonwealth Building Materials platform, enhancing coverage of the Richmond, Va., market.

    

To date, GMS has added six new greenfield locations since the start of fiscal 2023.

    

Following its acquisition by GMS in December 2021, the AMES platform continues to execute against its growth strategy by adding three new AMES® store locations in Fresno, Calif., Palm Bay, Fla., and Concord, N.C. The opening of the Fresno location represents the 100th store opening for AMES. To date, GMS has added nine AMES store locations during fiscal 2023.

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