Home Depot to Acquire GMS in $4.3 Billion Deal
TL;DR Summary
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.
- Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros CNBC
- Home Depot buying specialty building products distributor GMS in deal worth about $4.3B The Hill
- The Home Depot Enters Into Agreement for SRS Distribution to Acquire GMS Yahoo Finance
- Home Depot Agrees to Shell Out $4.3 Billion to Acquire GMS Bloomberg
- Home Depot Subsidiary to Acquire GMS for $5.5 Billion Barron's
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