Home Depot SRS Distribution Acquisition of GMS

Deal value: $5,500,000,000

Home Depot, via SRS Distribution, acquired GMS Inc., a leading distributor of specialty building materials with over 300 distribution centers and manufacturing facilities across North America.

Home Depot’s acquisition of GMS via SRS Distribution is driven by a strategic push to expand its offerings for professional contractors ('Pros'), aiming to serve their entire project lifecycle. The deal leverages GMS’s specialty building materials expertise and extensive distribution footprint to create cross-selling synergies and strengthen Home Depot’s position in both residential and commercial construction markets. The timing reflects intensifying competition for Pro customers and the need for differentiated capabilities and fulfillment options.