GMS to draw on revolver for Kamco Supply purchase

By Sara Rosenberg

New York, Dec. 21 – GMS Inc. plans to use borrowings under its revolving credit facility and cash on hand to fund its acquisition of Kamco Supply Corp., according to a news release.

Closing is expected in the fourth quarter of GMS’s fiscal year 2024, subject to customary conditions, including Hart-Scott-Rodino Antitrust Improvements Act approval.

GMS is a Tucker, Ga.-based specialty building products distributor. Kamco is a Brooklyn, N.Y.-based supplier of ceilings, wallboard, steel, lumber and other related construction products.

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