Leonard Green to buy building products firm SRS for over $3 billion: sources [Reuters]
GMS Inc. (GMS)
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Source: Reuters
Leonard Green to buy building products firm SRS for over $3 billion: sources | Reuters 2 Min Read (Reuters) - Buyout firm Leonard Green & Partners LP has agreed to acquire SRS Distribution Inc, a U.S. private equity-owned wholesale distributor of building products, for more than $3 billion, including debt, according to people familiar with the matter. The deal comes amid strong demand for roofing products. Americans are expected to spend nearly $340 billion in 2018 to upgrade or patch up their homes, a 7.5 percent increase from last year, a report by the Joint Center for Housing Studies of Harvard University showed earlier this year. Leonard Green has signed an agreement to acquire SRS from its owner, private equity firm Berkshire Partners LLC, the sources said on Tuesday on the condition they not be identified because the deal has not yet been announced. Berkshire Partners declined to comment, while Leonard Green and SRS did not immediately respond to requests for comment. SRS offers
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GMS
News
- GMS (NYSE:GMS) sheds 5.7% this week, as yearly returns fall more in line with earnings growth [Yahoo! Finance]Yahoo! Finance
- GMS Inc. (NYSE: GMS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- GMS Inc. (NYSE: GMS) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- GMS Inc. (NYSE: GMS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- GMS Buys Kamco for $321.5M, Expects Cost & Revenue Synergies [Yahoo! Finance]Yahoo! Finance
GMS
Earnings
- 2/29/24 - Miss
GMS
Sec Filings
- 3/28/24 - Form 4
- 3/27/24 - Form 144
- 3/22/24 - Form 4
- GMS's page on the SEC website