Home Depot announced its acquisition of building-products distributor GMS for approximately $4.3 billion, emphasizing its commitment to the professional contractor market during challenging DIY market conditions. GMS operates a broad network of about 320 distribution centers and approximately 100 tool sales and service centers, aligning with Home Depot's strategic goals. This follows Home Depot's significant $18 billion acquisition of SRS Distribution last year, which aimed at increasing the company's presence in the professional contractor segment. The GMS acquisition is seen as a move to consolidate the industry and expand Home Depot’s supply chain and distribution capabilities.
Home Depot is acquiring GMS for $4.3 billion to enhance its capability to serve professional contractors amidst a tough do-it-yourself market.
GMS has 320 distribution centers and operates 100 tool sales and service centers, making it an attractive target for expanding Home Depot's professional services.
The acquisition follows last year's $18 billion purchase of SRS Distribution, marking Home Depot's commitment to capturing a larger share of the professional contractor market.
Max Rakhlenko noted that the deal would enable SRS to expand into new verticals and boost Home Depot’s distribution capabilities significantly.
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