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

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 part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $ ...