North American specialty building products distributor GMS Inc. provided an update on 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.
“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 Chief Executive Officer. “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, NY, 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’s 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.
GMS also established three new greenfield locations in recent months. The activities expand the Company’s presence, provide enhanced service and broaden the product offerings in their respective markets. The new locations are in New York, NY, Greenville, NC and Chester, VA. GMS has added six new greenfield locations since the start of fiscal 2023.