TorQuest wraps up $800 mln sale of WSB Titan to GMS
Canadian private equity firm TorQuest Partners has wrapped up its sale of WSB Titan, a Toronto-based building supplies dealer, to GMS Inc (NYSE: GMS), a Tucker, Georgia-based distributor of gypsum wallboard and suspended ceiling systems. The deal, announced in April, is valued at about $800 million (US$627 million). It brings the combined revenue of GMS to about US$3 billion and increases the company's North American operation to more than 240 branches in 42 states and five Canadian provinces. Doug Skrepnek, Titan's CEO, now becomes president of GMS Canada. TorQuest has backed Titan since 2016.
4 June 2018•2 mins read
