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- Home Depot heads deeper into the building supply business with $5 billion acquisition of GMS</p>
<p>MICHELLE CHAPMAN June 30, 2025 at 8:54 PM</p>
<p>FILE - A Home Depot logo sign hands on its facade, Friday, May 14, 2021, in North Miami, Fla. (AP Photo/Wilfredo Lee, File) ()</p>
<p>Home Depot is buying specialty building products distributor GMS for $4.3 billion, the second notable acquisition in a little over a year that emphasizes a deliberate push by the home improvement chain into building and materials supply.</p>
<p>The acquisitions arrive as booming sales from the pandemic fade and Home Depot intensifies its focus on professional builders.</p>
<p>GMS Inc. of Tucker, Georgia, is a distributor of specialty building products like drywall, steel framing and other supplies used in both residential and commercial projects.</p>
<p>A subsidiary of Home Depot's SRS Distribution Inc., the supply company it bought last year, will start a cash tender offer to buy all outstanding shares of GMS for $110 per share. The total equity value of the transaction is approximately $4.3 billion. The deal is worth about $5.5 billion, including debt.</p>
<p>Home Depot purchased SRS Distribution, a materials provider for professionals, for more than $18 billion including debt. SRS provides materials for professionals like roofers, landscapers and pool contractors.</p>
<p>"The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before," SRS CEO Dan Tinker said in a statement. "Together, we'll create a network of more than 1,200 locations and a fleet of more than 8,000 trucks capable of making tens of thousands of jobsite deliveries per day."</p>
<p>Home Depot, based in Atlanta, moved quickly to acquire GMS, putting in its own bid less that two week after the company QXO offered $5 billion, according to a regulatory filing. Billionaire Brad Jacobs is the CEO of QXO, which was created to snap up companies in the building supply sector. In April QXO completed its approximately $11 billion acquisition of Beacon Roofing Supply.</p>
<p>The GMS transaction with Home Depot is expected to close by the end of fiscal 2025. Shares of the GMS jumped nearly 12% at the opening bell. Home Depot shares declined slightly.</p>
Source: AOL Money
Source: AsherMag
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