• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Editor's Pick

Home Depot is buying GMS for about $4.3 billion as it chases more home pros

by admin July 1, 2025
July 1, 2025

Home Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.

Shares of Home Depot were roughly flat in early trading Monday. GMS shares jumped more than 11%.

As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value including net debt of about $5.5 billion, the company said.

Home Depot said it expects the acquisition to be completed by early 2026.

Home Depot’s announcement also concludes a potential bidding war between the big-box retailer and billionaire Brad Jacobs. Jacobs’ building-products distributor QXO had offered about $5 billion in cash to acquire GMS and said it would press forward with a hostile takeover if the company’s management rejected the proposal.

As Home Depot chases growth, it’s gone after a steadier and more lucrative piece of the home improvement business: electricians, roofers, home renovators and other professionals who tackle large projects year-round and need a lot of supplies. Home Depot said it’s speeding along that strategy with the GMS deal.

Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest acquisition in its history. Texas-based SRS sells supplies to professionals in the landscaping, roofing and pool businesses and it has bought up many other smaller suppliers as it’s grown.

Home Depot’s focus on selling to professionals is well-timed. Sales from do-it-yourself customers have slowed as higher mortgage rates have decreased housing turnover and dampened homeowners’ demand for larger projects because of higher borrowing costs.

The company said it expects total sales to grow by 2.8% for the full fiscal year and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%.

This post appeared first on NBC NEWS

previous post
The Best Five Sectors, #25
next post
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros

Related Posts

Customers sue sneaker company On over shoes that...

October 21, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 18, 2025

LendingTree founder and CEO Doug Lebda dies in...

October 16, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 14, 2025

China outlines more controls on exports of rare...

October 11, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 8, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • American missionary kidnapped in Niger by suspected Islamist militants, sources say

      October 23, 2025
    • Schumer blocks 12th GOP bid to reopen government as Trump says Democrats ‘lost the negotiation’

      October 23, 2025
    • Trump meets NATO’s Rutte amid canceled Putin meeting: ‘It didn’t feel right to me’

      October 23, 2025
    • FLASHBACK: Ted Cruz predicts ballooning Obamacare subsidies now at center of shutdown fight

      October 23, 2025
    • Sparks fly as Cuomo, Mamdani tear into each other during fiery debate: ‘Toxic energy’

      October 23, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    Hasbro forecasts as much as $300 million impact...

    April 26, 2025

    In New Orders, Trump Targets Foes of His...

    April 11, 2025

    Joint Economic Committee Report Sounds the Alarm on...

    March 25, 2025