A subsidiary of Gypsum Management and supply (GMS) has acquired Professional Handling and Development (PHD), the company announced Friday morning. PHD Founder Kevin O'Connor will continue to oversee operations.
"GMS provides the perfect environment for Mr. O'Connor and his team to thrive," said a representative from the deal's financial advisor Anchor Peabody Advisory Services.
"The GMS organization is a natural fit for us and we are very excited to leverage what they bring to the table with our existing and future customers," said O'Connor in a press release.
PHD was founded in 2007 and has multiple locations serving the greater Chicagoland and Rockford areas.