The Home Depot Acquires GMS Inc. via SRS Distribution
September 4, 2025
The Home Depot entered into a definitive agreement for its specialty trade distribution subsidiary, SRS Distribution Inc., to acquire GMS Inc. for $110 per share in an all-cash tender offer, implying an enterprise value of approximately $5.5 billion. The acquisition was later completed in early September 2025, with GMS becoming a subsidiary of SRS and an indirect, wholly owned subsidiary of The Home Depot.
- Buyers
- The Home Depot, SRS Distribution Inc., Gold Acquisition Sub, Inc.
- Targets
- GMS Inc.
- Platforms
- SRS Distribution Inc.
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
The Home Depot Acquires SRS Distribution for $18.25 Billion
March 28, 2024
Transportation
The Home Depot entered into a definitive agreement to acquire SRS Distribution, a leading residential specialty trade distributor serving professional roofers, landscapers, and pool contractors, for approximately $18.25 billion enterprise value. The deal increases Home Depot’s addressable pro market and expands its specialty trade distribution capabilities across multiple verticals. The acquisition was completed on June 18, 2024.
-
The Home Depot Acquires HD Supply Holdings, Inc.
November 16, 2020
Transportation
The Home Depot agreed to acquire HD Supply Holdings, Inc. in a cash tender offer valuing the business at approximately $8 billion, with the deal expected to close in late 2020. The acquisition expands The Home Depot's capabilities and distribution footprint in the maintenance, repair and operations (MRO) market—particularly in multifamily and hospitality end markets—and is expected to be accretive to earnings.
-
GMS Inc Acquires Above Interior Distributors, Inc.
March 19, 2026
Logistics & Distribution
GMS Inc. agreed to acquire Above Interior Distributors, Inc., a South Florida supplier of specialty acoustical products, ceilings, and related building materials. The deal is intended to strengthen GMS’s distribution footprint and expand its specialty acoustical and ceiling offerings across the region, with Above Interior continuing to operate under its existing brand.
-
Kelvin Group / Southfield Capital-backed RD&S Acquires GMS Services
June 4, 2024
HVAC & Mechanical
Kelvin Group, in partnership with Southfield Capital, has completed the acquisition of GMS Services, LLC. The business will be integrated into Kelvin's RD&S unit to expand the platform's commercial refrigeration and HVAC/R service capabilities and geographic footprint across the Mid-Atlantic, Southeast and Great Lakes regions; terms were not disclosed.
-
GMS Acquires Construction Supply of Southwest Florida
June 2, 2022
Building Products
GMS Inc. (NYSE: GMS) has acquired Construction Supply of Southwest Florida, Inc., a Sarasota-based distributor of stucco, building and waterproofing supplies, effective June 1, 2022. The acquisition expands GMS's complementary product offerings and establishes an inaugural stucco-focused location in Florida as part of the company's ongoing platform expansion strategy.
-
GMS Acquires Westside Building Material
July 2, 2021
Building Products
GMS Inc. (NYSE: GMS) completed the acquisition of Westside Building Material for $135.0 million, funded with cash on hand and borrowings under its revolving credit facility. The purchase expands GMS’s geographic footprint across major California markets and represents its first entry into the Las Vegas market, supporting the company’s strategic growth through accretive acquisitions.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.