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.

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 ...

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 ...

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 ...

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 ...

Home Depot acquires a major asset Home Depot (HD) announced that it has entered a definitive agreement with specialty building products distributor GMS to acquire it for approximately $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.

Home Depot plans to fund the acquisition through cash on hand and debt, without altering its leverage ratio plan. 3rd party Ad. Not an offer or recommendation by Investing.com.

With Home Depot’s robust EBITDA of $25.5 billion and strong financial health score according to InvestingPro, the company appears well-positioned to integrate this acquisition. GMS specializes in ...

Investing.com - Bernstein maintained its Market Perform rating and $398.00 price target on Home Depot (NYSE: HD) stock amid speculation about a potential acquisition of GMS. The Wall Street Journal ...

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 ...

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.