The Home Depot / SRS Distribution Acquires GMS Inc.
September 4, 2025
The Home Depot, through its specialty distribution subsidiary SRS Distribution, completed the acquisition of GMS Inc. for an enterprise value of approximately $5.5 billion, purchasing outstanding shares for $110 per share. The deal brings GMS — a leading distributor of drywall, ceilings, steel framing and related building products — into SRS's network to expand product capabilities and better serve professional contractors across residential and commercial end markets.
- Buyers
- The Home Depot, SRS Distribution
- Targets
- GMS Inc.
- Sellers
- GMS shareholders
- Industry
- Building Products
- Location
- Georgia, United States
- Transaction Type
- Buyout
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