Home Depot acquires GMS for $4.3 billion to target professionals, SRS Distribution in the mix.

From CNBC: 2025-06-30 12:30:00

Home Depot is buying building products distributor GMS for $4.3 billion to target contractors and home professionals. GMS shares rose 11% to a 52-week high, while Home Depot shares dipped slightly. The deal, expected to close in early 2026, includes SRS Distribution acquiring all GMS shares for $110 each, totaling $5.5 billion. Brad Jacobs’ QXO had offered $5 billion for GMS.

Home Depot’s focus on professionals is strategic as DIY sales slow due to higher mortgage rates. The company’s purchase of SRS Distribution last year for $18.25 billion and the current acquisition of GMS aim to attract electricians, roofers, and renovators who require large supplies year-round. Home Depot expects total sales to grow by 2.8% for the fiscal year.



Read more at CNBC: Home Depot SRS Distribution buys GMS