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

Core Viewpoint - Home Depot is acquiring GMS, a building-products distributor, for approximately $4.3 billion to enhance sales from contractors and home professionals [1][2]. Group 1: Acquisition Details - The acquisition involves Home Depot's subsidiary SRS Distribution purchasing all outstanding shares of GMS at $110 per share, totaling around $4.3 billion, with a total enterprise value of about $5.5 billion including net debt [2]. - The expected completion date for the acquisition is early 2026 [2]. Group 2: Competitive Landscape - The announcement of the acquisition ends a potential bidding war between Home Depot and billionaire Brad Jacobs, whose company QXO had proposed a cash offer of about $5 billion for GMS and threatened a hostile takeover if management rejected the offer [3].