Tannerbolt.com Press Release - Tanner Acquired by GMS - Jan 06, 2023
TUCKER, Ga. -- GMS Inc., a leading North American specialty building products distributor, provided an update on the continued execution of its platform expansion strategy with its first entries in the New York City market.
These include the acquisition of Tanner Bolt and Nut Inc. and the opening of a ceilings-focused greenfield location. In addition, the company provided details on other recent openings of greenfield yards and AMES store locations.
GMS Enters the New York City Market with the Acquisition of Tanner Bolt and Nut, Inc.
“We are excited to announce our first entries in the New York City market with the acquisition of Tanner Bolt and Nut, Inc. and the expansion of our relationship with USG to supply ceiling products from a new greenfield location in Brooklyn.”
“We are excited to announce our first entries in the New York City market with the acquisition of Tanner Bolt and Nut Inc. and the expansion of our relationship with USG to supply ceiling products from a new greenfield location in Brooklyn,” said John C. Turner, Jr., president, and CEO. “We are pleased to take this first step into such a significant market. With Tanner’s focus on tools and fasteners, these additions, along with the establishment of several new greenfield yard locations and AMES stores over the last several months, represent our continued commitment to the execution of our strategic priorities of platform expansion and complementary product growth.”
Founded in 1979, Tanner Bolt and Nut Inc., based in Brooklyn, is a leading distributor of fasteners, tools, safety, and related construction products to the broader New York City market. The acquisition of Tanner’s four metro area locations establishes GMS’ inaugural positioning with complementary product offerings in the New York Metro area.
Building on a 40+ year legacy in the market, President Jeffrey Tannenbaum and the Tanner team will continue to lead the business under the Tanner brand name. Tanner will partner with the legacy GMS operations of Capitol Building Supply Inc., a leader in specialty building product distribution in the Northeast, to serve customers across the region.
About GMS:
Founded in 1971, GMS operates a network of approximately 300 distribution centers with extensive product offerings of Wallboard, Ceilings, Steel Framing and Complementary Products. In addition, GMS operates approximately 100 tool sales, rental and service centers, providing a comprehensive selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada. The Company’s unique operating model combines the benefits of a national platform and strategy with a local go-to-market focus, enabling GMS to generate significant economies of scale while maintaining high levels of customer service.
For more information about GMS, please visit www.gms.com.