Home Depot will acquire building products distributor GMS for $4.3 billion, according to CNBC. SRS Distribution, a subsidiary of Home Depot, will acquire all outstanding GMS shares for $110 each, totaling approximately $4.3 billion. The deal's enterprise value, including net debt, is approximately $5.5 billion. GMS shares rose 12% to a 52-week high, while Home Depot shares fell nearly 1%. The acquisition is set to close by early 2026. It ends a bidding war with QXO, which had offered $5 billion and threatened a hostile takeover. Home Depot is targeting professional contractors as sales from DIY customers decline. The company expects 2.8% total sales growth and a 1% rise in comparable sales for the fiscal year.
