SCHEDULE 13G/A: Coliseum Capital Entities Disclose Significant Stake in GMS Inc., Holding Nearly 10% of Common Stock

Coliseum Capital Management, LLC and its affiliated entities, along with Adam Gray and Christopher Shackelton, have disclosed a beneficial ownership of 9.96% in GMS Inc., totaling 3,825,151 shares of common stock.

Summary

• Coliseum Capital Management, LLC (CCM) and its affiliates, including Coliseum Capital, LLC (CC), Coliseum Capital Partners, L.P. (CCP), Coliseum Capital Co-Invest III, L.P. (CCC III), and Coliseum Capital Co-Invest IV, L.P. (CCC IV), along with individuals Adam Gray and Christopher Shackelton, have filed an amended Schedule 13G.
• The filing reports a collective beneficial ownership of 3,825,151 shares of GMS Inc. common stock by CCM, Adam Gray, and Christopher Shackelton, representing 9.96% of the class.
• Coliseum Capital, LLC beneficially owns 3,193,244 shares (8.3%), Coliseum Capital Partners, L.P. owns 2,887,233 shares (7.5%), Coliseum Capital Co-Invest III, L.P. owns 25,846 shares (0.1%), and Coliseum Capital Co-Invest IV, L.P. owns 280,165 shares (0.7%).
• The ownership percentages are calculated based on 38,389,078 shares of GMS Inc. Common Stock outstanding as of February 28, 2025, as reported in the Issuer's Form 10-Q filed on March 6, 2025.
• All reported shares are held with shared voting and shared dispositive power among the respective reporting persons and entities.
• The reporting persons certify that the securities were not acquired or held for the purpose of changing or influencing the control of GMS Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory filing.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by Coliseum Capital, an investment firm, in GMS Inc., a distributor of specialty building products. Such large institutional holdings are common in the building materials and distribution sector, reflecting investor confidence or strategic positioning within established companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake by Coliseum Capital may be viewed positively by some shareholders as it indicates a large, long-term investment in the company, potentially signaling confidence in GMS Inc.'s value.

Key Dates

Keywords

GMS Inc., Coliseum Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Equity Stake, Investment Management