Home Depot is buying GMS for about $4.3 billion

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Home Depot announced it will acquire building products distributor GMS for $4.3 billion through its subsidiary SRS Distribution, aiming to expand sales to professional contractors. The deal, expected to close by early 2026, ends a potential bidding war with billionaire Brad Jacobs’ QXO. GMS shares rose 12% on the news, while Home Depot shares dipped nearly 1%. The acquisition aligns with Home Depot’s strategy to focus more on professional customers as DIY sales slow, CNBC has reported. The company projects 2.8% total sales growth and a 1% rise in comparable sales for the fiscal year. read more: 👍 Like this video to stay updated on major business deals and retail strategy shifts. 💬 Comment below—what do you think about Home Depot’s move to buy GMS? 🔗 Share this video to inform others about the changing landscape in the building products industry. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep providing important business updates. 👉 Don’t forget to subscribe for more corporate news and market analysis. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #HomeDepot #BusinessNews #Mergers