The company says scooping up GMS will help grow its professional contracting (Pro) business, which was also aided by Home Depot’s 2024 acquisition of specialty trade distributor SRS. That helped ...

This also strengthens Home Depot’s position among pro customers. The home improvement retailer last year acquired SRS — which serves roofing, landscaping and pool contractors — for about $18 ...

Home Depot's SRS subsidiary acquired GMS for $4.3 billion to strengthen its penetration in the professional market with long-term payoff in the consumer market too.

The Home Depot is acquiring building products distributor SRS Distribution for $18.25 billion in a bid to accelerate the growth of its pro offerings. The deal, which is expected to close by the end of ...

Home Depot is underperforming the market as certain tailwinds are cooling off, and this will continue to pressure returns.

Atlanta-based The Home Depot operates more than 2,350 retail stores, over 800 branches and more than 325 distribution centers that directly fulfill customer orders across all 50 states, the ...

Home Depot said the deal would expand its addressable market by around $50 billion, and CEO Ted Decker called SRS "An industry leader with a proven track record of profitable growth across verticals." ...

Explore Photos: Home Depot's history in Atlanta The Home Depot transaction comes after another company, QXO Inc., in mid-June proposed to acquire GMS for about $5 billion.

Home Depot expects to exceed long-term annual sales growth of 3.0%-4.0% and earnings growth in mid- to high-single-digits as a result of the acquisition, the analyst further stated.

Although Home Depot missed analysts' predicted Earnings Per Share during the first quarter of 2025, the company still reaffirmed its fiscal 2025 guidance, expecting total sales to grow 2.8%.

The acquisition is expected to close by the end of fiscal 2024, subject to customary closing conditions. Home Depot held $3.76 billion in cash and equivalents as of January 28, 2024.

Home Depot is acquiring building materials distributor GMS for $4.3 billion to strengthen its “Pro” contractor business and expand into drywall, ceilings, and steel framing.