ATLANTA, GA — September 4, 2025— In a strategic bid to reclaim contractor loyalty and cement its dominance, Home Depot has officially closed its $5.5 billion acquisition of specialty building products distributor GMS Inc. via its SRS Distribution arm.
Context and Background
This acquisition delivers drywall, ceilings, and steel framing expertise to Home Depot’s Pro business. The move follows last year’s landmark SRS purchase—bringing rooftop, landscaping, and pool supplies into the fold—and aligns with the company's strategy to streamline professional project supply chains and reduce vendor complexity.AJCModern Distribution ManagementAP NewsFinancial Times
Direct Quotations
Home Depot’s CEO, Ted Decker, stated,
“The addition of GMS further enhances SRS’s position as a leading multi-category building materials distributor, bringing differentiated capabilities, product categories and customer relationships.”Modern Distribution ManagementRetail Dive
Dan Tinker, CEO of SRS, added,
“The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before.”The Sun
Balanced Reporting
The acquisition clearly favors professional shoppers, offering a more robust, integrated distribution network: over 1,200 locations and nearly 8,000 trucks ready to serve job sites efficiently.AJCAP News That said, challenges remain—regulatory approvals must still be finalized, and successful integration will demand operational finesse. The deal carries a total enterprise value of $5.5 billion, including debt, while the equity price came in at $4.3 billion.ir.homedepot.cominvestor.gms.comFinancial Times
Conclusion / Next Steps
Home Depot’s next steps include smoothing GMS integration into SRS, leveraging cross-selling opportunities, and further enhancing the Pro customer experience. With retail sales slowing post-pandemic, this expansion into B2B solutions positions Home Depot for long-term resilience. All eyes now turn to how quickly this makes its way into tangible benefits for contractors nationwide.
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