Home Depot to Acquire Distributor GMS

Atlanta, GA, June 30, 2025-Home Depot announced today that it is buying GMS, a building-products distributor, for about $4.3 billion.

Reports NBC Philadelphia, “As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value including net debt of about $5.5 billion, the company said.

“Home Depot said it expects the acquisition to be completed by early 2026.

“Home Depot's announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs. Jacobs' building-products distributor QXO had offered about $5 billion in cash to acquire GMS and said it would press forward with a hostile takeover if the company's management rejected the proposal.”

GMS distributes drywall, insulation, acoustical ceiling tile and metal.

In November 2020, Home Depot acquired HD Supply, a wholesale distributor of electrical, plumbing, janitorial and other supplies.