Stout served as the exclusive sell-side financial advisor to Engler, Meier & Justus, Inc. (“EMJ”) in connection with its sale to Gypsum Management & Supply, Inc. (“GMS”). GMS operates a network of approximately 300 distribution centers with extensive product offerings of wallboard, ceilings, steel framing, and complementary products for its residential and commercial contractor customer base across the United States and Canada.
Founded in 1962 and headquartered in Westmont, IL, EMJ is a leading distributor of drywall, acoustical ceilings, and related interior construction products to the greater Chicago market and exterior insulation finishing system (EIFS) related products in the Southeastern United States. EMJ currently operates under multiple brand names, including Westmont Interior Supply House and Contractors Acoustical Supply in Chicago. By becoming an Armstrong Ceilings distributor, EMJ and its two Chicago area locations add to GMS’s commercial capabilities in the market. EMJ’s EIFS locations in Charlotte, Raleigh, and Doraville add to GMS’s complementary product offerings in the Southeast.