You are here:   HomeNews ReleasesTorQuest Completes Sale of WSB Titan to GMS
Print

TORONTO, June 4, 2018 /CNW/ - TorQuest Partners, management and co-investors announced today the successful completion of the previously announced sale of WSB Titan ("Titan"), Canada's leading independent building supplies dealer, to GMS Inc. (NYSE:GMS), a leading North American distributor of gypsum wallboard and suspended ceiling systems.

"Titan has grown rapidly to become Canada's leading distributor of wallboard and other building supplies for new construction and renovation. Its tremendous success is a result of the company's strong value proposition and service delivery excellence, and the hard work and expertise of its many talented and dedicated employees, led by Doug Skrepnek, Gord Coutts and Ryan Shoemaker," said TorQuest Partner Matt Chapman. "TorQuest has been an ideal partner for us as we have built and grown WSB Titan. Their integrity, creativity and discipline made them the firm we wanted to partner with for this stage of Titan's growth. We are delighted with the success of our partnership with TorQuest, and excited about the next chapter of our business evolution as part of GMS," added Doug Skrepnek, CEO of Titan. 

The completion of this acquisition further strengthens GMS's position as one of the largest wallboard distributors in North America, with combined revenues of approximately
$3 billion and more than 240 branches throughout 42 states and 5 provinces in Canada.    

Titan will operate as a subsidiary of GMS going forward and will continue to be managed by its existing management team, led by Doug Skrepnek as President of GMS Canada.