GMS announced in a press release Friday its acquisition of Olympia Building Supplies.
Olympia was founded in 2008 and supplies wallboard and related construction products in South Florida. The company has locations in Pompano, Miami, and West Palm Beach, Fla.
The current Olympia team will join GMS after the acquisition. "Combining forces with GMS is the right next step in our growth trajectory," Robert Shingler, Olympia's general manager, stated in GMS' press release about the acquisition. "GMS shares our passion for customer service and our commitment to providing high-quality products ... We are excited to further improve our ability to serve new and existing customers with the strong support of GMS’ national scale, operational expertise, and strong financial position. Being a part of the GMS family is the perfect fit for us."
"We are very happy to welcome the Olympia team to our company," Chris Doyle, GMS vice president of the Southeastern division of GMS stated in the press release. "Olympia is an excellent strategic fit for GMS with its broad product offering and loyal customer base in attractive markets. The acquisition of these three established locations in South Florida provides a very complementary addition to our strong existing positons in Central and Northern Florida."