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Home Depot is acquiring building materials distributor GMS for $4.3 billion to strengthen its “Pro” contractor business and ...

The retailer has inked a deal for its SRS Distribution subsidiary to acquire GMS, which specializes in drywall, ceilings and ...

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 ...

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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.

This also strengthens Home Depot’s position among pro customers. The home improvement retailer last year acquired SRS — which serves roofing, landscaping and pool contractors — for about $18 ...

GMS shares were up more than 11%, while Home Depots' rose slightly in early trading. Home Depot subsidiary SRS distribution will buy all shares of GMS for $110, as part of the deal, the company said.

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.