The Home Depot's SRS Distribution to Acquire GMS, Enhancing Offerings for Professional Contractors

Reuters

Jun 30

The Home Depot's SRS Distribution to Acquire GMS, Enhancing Offerings for Professional Contractors

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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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.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0942090050.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL82H6M8:1","article_id":"2547909956","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547909956","pubTimestamp":1751284909,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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  using generative artificial intelligence. 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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.\n      \n\nDisclaimer: 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. 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