Home Depot's SRS Distribution to Acquire GMS for $4.3 Billion
Jun 30, 2025
Home Depot announced that its subsidiary, SRS Distribution, will acquire specialty building products distributor GMS Inc. for about $4.3 billion. With debt included, the total value of the deal is approximately $5.5 billion.
GMS is a distributor based in Tucker, Georgia, and supplies building materials such as drywall, ceilings, steel framing, and other products used in construction and remodeling for both residential and commercial projects.
The agreement will involve SRS Distribution starting a cash tender offer to buy all outstanding shares of GMS for $110 per share.
This acquisition is part of Home Depot's plan to increase its business with professional contractors and expand its specialty product offerings. GMS shares saw a significant jump after the announcement.
What does GMS do?
GMS is a company that distributes building materials like drywall, ceilings, and steel frames used for construction and remodeling.
Why is Home Depot buying GMS?
Home Depot wants to grow its business with professional contractors and offer more specialty building products.
How much will Home Depot pay for GMS?
Home Depot will pay about $4.3 billion for GMS, or $5.5 billion including debt.
What happens to GMS shareholders?
GMS shareholders will be offered $110 per share in cash for their shares.
Sources
Home Depot-owned SRS Distribution to buy GMS for about $4.3 billion
Reuters
Reuters
Home Depot said on Monday unit SRS Distribution has agreed to acquire specialty building products distributor GMS for about $4.3 billion.
GMS Enters Into Agreement With The Home Depot to Be Acquired by SRS Distribution
Business Wire
Business Wire
TUCKER, Ga.--(BUSINESS WIRE)--GMS Inc. (NYSE: GMS) (the “Company”), a leading North American specialty building products distributor, today announced the Company has entered into a definitive agreement with The Home Depot®, the world's largest home improvement retailer, to be acquired by its special...
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pro...
CNBC
CNBC
Home Depot's SRS Distribution unit is buying GMS, a building-products distributor, for about $4.3 billion. Home Depot is trying to attract more sales from contractors and other home professionals.
Why Home Depot is spending $5.5 billion to buy another building-products company
Market Watch
Market Watch
GMS's drywall and steel frame products could be rolled into Home Depot's SRS Distribution roofing, landscaping and pool-products business.
Why GMS Stock Is Soaring Today
The Motley Fool
The Motley Fool
Home Depot has agreed to acquire GMS (GMS 11.91%) for $5.5 billion, heading off a potential bidding war for the target with a sweetened bid.
Home Depot Hopes to Build Up Pro Segment With GMS Acquisition
PYMNTS
PYMNTS
Last year, Home Depot acquired SRS Distribution, a distributor for roofing firms and construction projects.
GMS to be acquired by Home Depot's SRS in $5.5B deal
Proactive Investors
Proactive Investors
GMS shares jumped almost 12% after it was revealed it is being acquired by Home Depot Inc (NYSE:HD, ETR:HDI)'s specialty trade distribution subsidiary SRS. The deal values GMS, a leading North American distributor of specialty building products, at $4.3 billion in equity and about $5.5 billion inclu...
Home Depot Wins Bidding War, Will Acquire GMS for $4.3B
Investopedia
Investopedia
Home Depot (HD) has won a bidding war for GMS (GMS), striking a deal to buy the building-products distributor for $4.3 billion, or $5.5 billion including debt.
Home Depot announces $4.3 billion deal to acquire GMS building products distribu...
Fast Company
Fast Company
Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion.The Atlanta home improvement chain said Monday the transaction will help strengthen Home Depot's relationship with professional contractors.GMS of Tucker, Georgia, is a distributor of...
Home Depot Wins Bidding War to Buy GMS for $4.3 Billion
WSJ
WSJ
Home Depot will buy building-products distributor GMS for about $4.3 billion, winning a bidding war over roofing-products distributor QXO.
HD Agrees to Buy GMS to Strengthen Its SRS Distribution Unit
Zacks Investment Research
Zacks Investment Research
Home Depot advances its 'One Home Depot' plan with the pending acquisition of GMS to boost specialty distribution.
Home Depot's Spending Spree Widens Its Moat, But The Valuation Is Not Enticing Y...
Seeking Alpha
Seeking Alpha
Home Depot is expanding its moat by acquiring SRS and GMS, targeting large contractors and unlocking new growth and efficiency levers. These acquisitions position HD for steady long-term growth, broaden its customer base, and reduce reliance on DIY and small contractors. While the deals are expensiv...
Buy Home Depot (HD) or GMS (GMS) Stock After Acquisition Announcement?
Zacks Investment Research
Zacks Investment Research
Aiming to expand its reach to professional contractors, Home Depot (HD) announced it will be acquiring GMS Inc. (GMS) for $4.3 billion or $5.5 billion when including debt.
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