GMS Completes Secondary Offering of Common Stock


Fried Frank acted as counsel to GMS Inc., a portfolio company of AEA Investors, and certain selling stockholders in a secondary offering of an aggregate of 5,750,000 shares of common stock of the company by the selling stockholders, including the full exercise of an overallotment option to purchase 750,000 shares of common stock, at a public offering price of US$33.00 per share, or a total of US$189,750,000. GMS is a leading North American distributor of wallboard and suspended ceilings systems. AEA Investors participated in the offering as a selling stockholder. Barclays Capital Inc., RBC Capital Markets, LLC and Credit Suisse Securities (USA) LLC acted as representatives of the underwriters and joint book-running managers for the offering. Robert W. Baird & Co. Incorporated acted as an additional joint book-running manager for the offering. Raymond James & Associates, Inc. and Stephens Inc. acted as co-managers for the offering.
The Fried Frank team was led by corporate partner Andrew B. Barkan; and included tax partners Kenneth Rosenfeld and Eli Weiss; executive compensation & ERISA partner Amy L. Blackman; corporate associates Robert M. Hayes, Jared Heady, and Charles Stern; and executive compensation & ERISA associate Stephanie Matko.