Home Depot is set to acquire GMS for $4.3 billion, focusing on enhancing its market presence among professional suppliers. GMS operates a vast network of distribution centers, catering primarily to professionals rather than the DIY market. Analysts view this acquisition positively, suggesting it will allow Home Depot's SRS Distribution to expand into more verticals and increase market share. This move follows Home Depot's previous large acquisition of SRS, aimed at strengthening its supply chain operations significantly.
Home Depot is acquiring building-products distributor GMS for $4.3 billion, aiming to expand into professional supplier markets and enhance its distribution network.
Analyst Max Rakhlenko noted that the GMS acquisition would enable SRS to grow market share, consolidate the industry, and significantly increase Home Depot's distribution capabilities.
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