09:57 AM EDT, 05/16/2024 (MT Newswires) -- GMS (GMS) said Thursday that it has agreed to acquire Yvon Building Supply and its affiliates, Yvon Insulation, Yvon Insulation Windsor, Laminated Glass Technologies, and Right Fit Foam Insulation for $196.5 million Canadian dollars ($144.1 million).

The building products distributor said it will finance the acquisition through cash on hand and borrowings under its revolving credit facility.

The newly acquired businesses are expected to continue operating under their current brand names and the leadership of Yvon's president, Tom Scott, GMS said.

The deal is slated to be completed in July.

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