GMS Acquires Trowel Trades Supply, Inc.

GMS, Inc. (“GMS”),a leading North American specialty distributor of interior building products, today announced that it has acquired Trowel Trades Supply, Inc. (“Trowel Trades”), a single-location distributor based in Colchester, Vermont.

Founded in 1968, Trowel Trades serves residential and commercial customers in the greater Burlington, Vermont metro area and related surrounding markets. Trowel Trades offers a full complement of interior building materials as well as masonry and hardscape products.

The acquisition of Trowel Trades represents GMS’s entrance into Vermont, expanding its coverage in the U.S. to 44 states. The acquisition also follows recent greenfield expansions in Portland, Maine and Manchester, New Hampshire, reflecting the long-term strategic importance of the New England market. Trowel Trades will join GMS subsidiary New England Gypsum Supply, Inc. (“New England Gypsum Supply”) and its seven existing branch locations in Massachusetts, Connecticut, Maine and New Hampshire.

The Trowel brand, which has served the Burlington market for over 50 years, will be retained at the Colchester, Vermont location while New England Gypsum Supply locations will continue to operate under their current branding.

Trowel Trades will continue to operate under the leadership of current co-branch managers Mike Smullen and Bernie Metivier, both industry veterans with significant Trowel Trades and industry experience.

David and Richard Vaughan of Trowel Trades commented, “We are thrilled to be joining GMS and excited for the future of our employees, customers and suppliers alike in partnering with a company who shares so many of our core values.”

Mike Anderson, Vice President of the Northeast Division of GMS added, “We’re excited to welcome the Trowel Trades family to GMS. We look forward to Mike, Bernie and the Trowel Trades team working closely with New England Gypsum Supply to better serve customers both in Vermont and across New England with the combined scale and capabilities of the two operations.”

About GMS

Founded in 1971, GMS operates a network of more than 260 distribution centers across the United States and Canada. GMS’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings. For more information about GMS, please visit www.gms.com.

Contact:

Leslie H. Kratcoski – Vice President Investor Relations – ir@gms.com – (770) 723-3306

Source: GMS, Inc.