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Home Depot to Acquire GMS in $4.3 Billion Deal

1 min read
Source: CNBC
Home Depot to Acquire GMS in $4.3 Billion Deal
Photo: CNBC
TL;DR

Home Depot is acquiring GMS, a building-products distributor, for about $4.3 billion to expand its offerings to contractors and home professionals, completing the deal by early 2026 after a bidding war with QXO. This move aligns with Home Depot's strategy to focus on professional customers amid slowing DIY sales.

Topics:top-newsbusiness#acquisition#business#construction-supplies#gms#home-depot#home-professionals
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  1. Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros  CNBC
  2. Home Depot buying specialty building products distributor GMS in deal worth about $4.3B  The Hill
  3. The Home Depot Enters Into Agreement for SRS Distribution to Acquire GMS  Yahoo Finance
  4. Home Depot Agrees to Shell Out $4.3 Billion to Acquire GMS  Bloomberg
  5. Home Depot Subsidiary to Acquire GMS for $5.5 Billion  Barron's

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