The addition to considerably develop GMS’s presence within the Higher New York Metropolis Space and improve customer support functionality, important cross-selling alternatives, a strengthened worth proposition and a broader suite of prime tier-product choices within the largest metropolitan space in the US.
GMS expects to fund this transaction with money readily available and borrowings beneath the corporate’s established revolving credit score facility.
The deal is anticipated to shut throughout the fourth quarter of fiscal 2024 for GMS, which ends on April 30, 2024.
Pursuant to the deal, Kamco’s present President, Little and its senior management workforce, will proceed to steer the enterprise and the corporate will proceed to function beneath the “Kamco” model because it has for the previous eight many years.
