AEA Investors nears $770m deal for Gypsum Management and Supply

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US private equity firm AEA Investors could be close to a $770m deal to acquire building materials company Gypsum Management and Supply, Reuters has reported

Other buyout bidders previously said to be in the race included TPG Capital and Advent International.

The company is the largest independent distributor of drywall, acoustical and other specialty building materials in the US. It operates in 26 states, through a network of 43 subsidiary companies and more than 130 distribution centers.

AEA Investors was recently said to be finalising the acquisition of German conglomerate Siemens’ water technologies unit for €640m.

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