All articles tagged with #building supplies
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 is set to acquire building supply distributor SRS Distribution in an $18.25 billion deal, marking its largest acquisition to date. The acquisition is expected to close in Home Depot's 2024 fiscal year and is aimed at expanding its reach to major contractors and construction firms. The deal will also see the opening of four new distribution centers to cater to home professionals handling larger projects. Despite expecting slower sales trends, Home Depot remains confident in the deal's approval by federal regulators and anticipates continued growth in the coming years.