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.

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.

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.

Reports indicate that Home Depot submitted a competing offer to acquire GMS following an initial bid by QXO. According to TD Cowen, the potential GMS acquisition aligns with Home Depot’s strategy to ...

Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) are the top companies that investors can choose between if they want exposure to ...

By expanding its Pro offerings through initiatives like the SRS acquisition and targeted services, Home Depot can tap into a relatively underpenetrated market segment.

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 ...

According to TD Cowen, the potential GMS acquisition aligns with Home Depot’s strategy to expand its presence in the professional contractor market. The firm noted that Home Depot has done well ...

"“The acquisition of ADG allows us to build on our momentum with Pro planned spend and is expected to expand our total addressable market by approximately $50 billion." ...