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 / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #HomeDepot #BusinessNews #Mergers #shorts