Press Release

GMS Announces Pricing of Secondary Public Offering of Common Stock

Company Release - 9/5/2019 6:45 AM ET

TUCKER, Ga.--(BUSINESS WIRE)-- GMS Inc. (NYSE:GMS) (the “Company”), a leading North American specialty distributor of interior building products, announced today the pricing of an underwritten secondary public offering of 6,825,058 shares of common stock by an affiliate of AEA Investors LP (the “Selling Stockholder”), at a price to the public of $27.20 per share. The offering is expected to close on September 9, 2019, subject to the satisfaction of customary closing conditions.

The Company is not selling any shares in this offering and will not receive any proceeds from the sale of shares being sold by the Selling Stockholder in this offering.

Goldman Sachs & Co. LLC is acting as sole underwriter for the offering.

An automatic shelf registration statement (including a prospectus) relating to these securities was filed on September 4, 2019 with the Securities and Exchange Commission (the “SEC”) and became effective upon such filing. Before you invest, you should read the prospectus in that registration statement and the documents incorporated by reference in that registration statement, as well as the prospectus supplement related to this offering. Copies of these documents are available at no charge on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and the accompanying prospectus, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.

The offering of these securities is being made only by means of a prospectus supplement and an accompanying prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GMS Inc.

Founded in 1971, GMS operates a network of more than 250 distribution centers across the United States and Canada. GMS’s extensive product offering of wallboard, suspended ceilings systems, or ceilings, and complementary construction products is designed to provide a comprehensive one-stop-shop for our core customer, the interior contractor who installs these products in commercial and residential buildings.

Investors:
Leslie H. Kratcoski
ir@gms.com
770-723-3306

Source: GMS Inc.