GMS to Acquire Kamco Supply in NYC - Modern Distribution Management

Log In

GMS to Acquire Kamco Supply in NYC

Building products distributor GMS will establish a greater presence in the New York metro market with the acquisition of Kamco Supply.
GMS
Author
Date

Specialty building products distributor GMS will expand its core product categories with the acquisition of Brooklyn, NY-based building materials distributor Kamco Supply Corp. and affiliates.

Kamco — a supplier of ceilings, wallboard, steel, lumber and related construction products — operates five distribution facilities in the Greater New York City area and services the New York metropolitan and Tri-State area. For the 12 months ended June 30, Kamco recorded revenues of approximately $245 million.

The acquisition will expand the GMS’ wallboard offering and develop the company’s presence in the New York metropolitan market, where is does not currently have a significant presence in, but has made efforts to expand into recently, including with its acquisition of Brooklyn-based fastener distributor Tanner Bolt & Nut earlier this year.

“We expect the addition of this business to GMS to provide enhanced customer service capability, significant cross-selling opportunities, a strengthened value proposition and a broader suite of top tier-product offerings in the largest metropolitan area in the United States,” GMS President and CEO John Turner Jr. said in a Dec. 21 news release.

Kamco Leadership

Following the close of the transaction (expected during the fourth quarter of GMS’ fiscal 2024, which ends on April 30), Kamco’s current President Scott Little and the senior leadership team will continue to lead the business. The company will continue to operate under the Kamco brand as it has for over 80 years.

GMS ranked No. 9 in MDM’s 2023 Top Building Materials/Construction Distributors list.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.