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 ...

The company says scooping up GMS will help grow its professional contracting (Pro) business, which was also aided by Home Depot’s 2024 acquisition of specialty trade distributor SRS. That helped ...

Home Depot's SRS subsidiary acquired GMS for $4.3 billion to strengthen its penetration in the professional market with long-term payoff in the consumer market too.

This also strengthens Home Depot’s position among pro customers. The home improvement retailer last year acquired SRS — which serves roofing, landscaping and pool contractors — for about $18 ...

The Home Depot is acquiring building products distributor SRS Distribution for $18.25 billion in a bid to accelerate the growth of its pro offerings. The deal, which is expected to close by the end of ...

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 ...

Home Depot said the deal would expand its addressable market by around $50 billion, and CEO Ted Decker called SRS "An industry leader with a proven track record of profitable growth across verticals." ...

Explore Photos: Home Depot's history in Atlanta The Home Depot transaction comes after another company, QXO Inc., in mid-June proposed to acquire GMS for about $5 billion.

Home Depot expects to exceed long-term annual sales growth of 3.0%-4.0% and earnings growth in mid- to high-single-digits as a result of the acquisition, the analyst further stated.

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.

Home Depot goes after pro market with $4.3B acquisition The retailer has inked a deal for its SRS Distribution subsidiary to acquire GMS, which specializes in drywall, ceilings and steel framing.

Following the acquisition, Home Depot will offer more fulfillment and service options “than ever before,” according to a company statement, by creating a network of more than 1,200 locations and a ...