Home Depot Acquires GMS for $4.3 Billion
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Home Depot announced its $4.3 billion acquisition of building-products distributor GMS, aiming to boost sales from professional contractors. The deal, through Home Depot's subsidiary SRS Distribution, will see GMS shares purchased at $110 each. This acquisition surpasses a competing bid from billionaire Brad Jacobs' QXO. Home Depot expects the deal to close by early 2026, furthering its strategy of targeting professional home improvement clients for consistent, large-scale projects.
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