GMS Agrees To Acquire Yvon Building Supply And Affiliates For Aggregate Purchase Price Of Up To C$196.5M
Portfolio Pulse from Benzinga Newsdesk
GMS has agreed to acquire Yvon Building Supply and its affiliates for up to C$196.5 million. The transaction is expected to close in July 2024, pending regulatory approvals and customary closing conditions. GMS plans to fund the acquisition with cash on hand and borrowings under its revolving credit facility.
May 16, 2024 | 11:11 am
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GMS has agreed to acquire Yvon Building Supply and its affiliates for up to C$196.5 million. The transaction is expected to close in July 2024, pending regulatory approvals and customary closing conditions. GMS plans to fund the acquisition with cash on hand and borrowings under its revolving credit facility.
The acquisition of Yvon Building Supply is a significant move for GMS, potentially expanding its market presence and product offerings. The use of cash on hand and borrowings under its revolving credit facility indicates financial stability and strategic planning. The transaction's completion is subject to regulatory approvals, which adds a layer of uncertainty but is a common condition in such deals.
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