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Home Depot buying specialty building products distributor GMS in $4.3Bn deal
- Home Depot Inc. is increasing its investment in professional contractors through its distribution arm SRS Distribution Inc.
- SRS Distribution Inc. has signed a definitive agreement to acquire GMS Inc., which is expected to be completed by early 2026.
- The acquisition will be funded through a mix of available cash and debt, expanding Home Depot's reach in the professional contractor space.
- John C. Turner Jr. and GMS’s senior leadership team will continue to lead GMS as part of the SRS organization.
36 Articles
36 Articles
Home Depot CEO makes promise to shoppers as company announces $4.3b change
THE top boss of Home Depot has vowed to provide more value, services, and products to shoppers as the chain eyes a $4.3 billion change. As the home improvement retailer plots the major acquisition, it is working to win over a new demographic of consumers. GettyHome Depot is plotting a $4.3 billion change that will impact shoppers[/caption] Home DepotHome Depot’s CEO Ted Decker spoke out about the impending acquisition, a bid to win over a new de…
Home Depot Acquires Building Products Distributor GMS
Home Depot wants to improve its bottom line, whether homeowners are embracing home improvement or not. It’s why the company paid $4.3 billion this week to win a bidding war for building products distributor GMS. The acquisition is among a series of moves that give the big box retailer a critical direct line to commercial contractors. Raise the Roof Home Depot’s retail roots have historically made it a one-stop shop for homeowners tackling big ho…
Home Depot made a key acquisition to corner the pro market—but some analysts say it overpaid at $4.3 billion
Home Depot is acquiring building materials distributor GMS for $4.3 billion to strengthen its “Pro” contractor business and expand into drywall, ceilings, and steel framing. Analysts support the strategic value of the deal, but some say the purchase price may be high and could raise investor concerns. Home Depot, the largest home improvement company on the Fortune 500, is leaning into a contractor customer base, announcing Monday its acquisition…
Home Depot to buy GMS in $4.3B deal
KEY TAKEAWAYS: Home Depot to acquire GMS for $4.3 billion in cash Move strengthens Home Depot’s presence in pro contractor supply Acquisition follows $18B SRS Distribution deal in 2023 GMS deal expected to close by end of fiscal 2025 Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement chain into bu…
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