The Home Depot announced a definitive agreement for its subsidiary, SRS Distribution Inc., to acquire GMS Inc., a prominent North American specialty building products distributor. This strategic move aims to expand The Home Depot's distribution offerings and capabilities for professional contractors. The acquisition is expected to enhance product offerings, improve services, and deliver superior value to professional contractor customers. The transaction will be funded through cash on hand and debt, with GMS continuing to operate under its current leadership as part of SRS. The Home Depot anticipates that this addition will be accretive to adjusted EPS in the first year following closing, excluding synergies.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Home Depot Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL21042) on June 30, 2025, and is solely responsible for the information contained therein.