• Editor’s Pick
  • Investing
  • Economy
  • Stock
  • Politics
Income Researchers
Editor's PickStock

Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

by June 30, 2025
June 30, 2025

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.

Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%.

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.

As Home Depot chases growth, it’s gone after a steadier and more lucrative piece of the home improvement business: electricians, roofers, home renovators and other professionals who tackle large projects year-round and need a lot of supplies. Home Depot said it’s speeding along that strategy with the GMS deal.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.

Home Depot’s focus on selling to professionals is well-timed. Sales from do-it-yourself customers have slowed as higher mortgage rates have decreased housing turnover and dampened homeowners’ demand for larger projects because of higher borrowing costs.

The company said it expects total sales to grow by 2.8% for the full fiscal year and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.

This post appeared first on NBC NEWS
previous post
South Harz Potash Limited
next post
Home Depot is buying GMS for about $4.3 billion as it chases more home pros

Related Posts

‘All the options’: GOP eyes cutting August recess...

July 21, 2025

AOC slams progressive critics for ‘lying’ about her...

July 21, 2025

Iran will not give up nuclear enrichment, top...

July 21, 2025

Hunter Biden special counsel got ‘one resume’ from...

July 21, 2025

Obama-era officials mum on allegations of ‘manufactured’ intelligence...

July 21, 2025

Iran seeks China, Russia help to stall UN...

July 21, 2025

Congressional Republicans face bruising battle to avoid government...

July 21, 2025

Harvard, Trump battle for billions in federal funds...

July 21, 2025

FBI botched investigation into Hillary Clinton’s emails, declassified...

July 21, 2025

Russia bombards Ukraine hours before key meeting on...

July 21, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Group Eleven Announces C$5M Bought Deal Private Placement

      July 21, 2025
    • ‘All the options’: GOP eyes cutting August recess to move dozens of Trump nominees stalled by Dems

      July 21, 2025
    • Domestic Metals Begins Trading on OTCQB

      July 21, 2025
    • AOC slams progressive critics for ‘lying’ about her Iron Dome stance in defense bill fight

      July 21, 2025
    • Iran will not give up nuclear enrichment, top official confirms in exclusive Fox News interview

      July 21, 2025

    Archives

    • July 2025 (539)
    • June 2025 (398)
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 incomeresearchers.com | All Rights Reserved

    Income Researchers
    • Editor’s Pick
    • Investing
    • Economy
    • Stock
    • Politics

    Read alsox

    Justice Alito’s warning about nationwide injunction ‘loophole’ looms...

    July 3, 2025

    ‘Irrelevant’: Senators push back against Vought’s call for...

    July 17, 2025

    Bush teams up with notorious Trump foes to...

    July 2, 2025