Yvon provides various building supplies, including glass, drywall, insulation, steel, ceilings and other products and related services throughout Toronto and Ontario. Photo: Unsplash.

GMS Inc., a North American specialty building products distributor, announced it has acquired Yvon Building Supply Inc., together with its affiliates Laminated Glass Technologies Inc., Yvon Insulation Corp., Yvon Insulation Windsor and Right Fit Foam Insulation Ltd. Yvon distributes building supplies throughout Ontario, Canada.

Yvon provides various building supplies, including glass, drywall, insulation, steel, ceilings and other products and related services throughout Toronto and Ontario. For the 12 months ended May 31, 2024, Yvon generated net revenues of approximately $142 million.

“As we highlighted during our recent earnings conference call for the fourth quarter and full-year fiscal 2024, we are pleased to enhance our service and product offerings in the greater Toronto market with the successful completion of this transaction,” says GMS president and CEO John C. Turner Jr. “We are excited to welcome the Yvon team to GMS Canada and look forward to expanding our core and complementary products in southern Ontario.”

GMS officials say the transaction was funded with cash on hand and from borrowings on the company’s revolving credit facility. They add that more than a quarter of the $143 million purchase price is scheduled to be paid over the next five years.

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