Home Depot Expands Building Supply Business with $4.3 Billion GMS Acquisition
TL;DR
Home Depot is acquiring GMS for approximately $4.3 billion to expand its building supply business, focusing on serving professional builders and creating a large network of distribution and delivery options, as part of its strategic move into building materials following its earlier acquisition of SRS Distribution.
- Home Depot heads deeper into the building supply business with $5 billion acquisition of GMS Yahoo Finance
- Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros CNBC
- GMS Enters Into Agreement With The Home Depot to Be Acquired by SRS Distribution Business Wire
- Home Depot subsidiary SRS to acquire building products distributor AJC.com
- Home Depot buying specialty building products distributor GMS in deal worth about $4.3B The Hill
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