The Home Depot, SRS Distribution Complete Acquisition of GMS
Originally Published by: LBM Journal — September 5, 2025
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The Home Depot announced that it has completed the acquisition of GMS Inc. (“GMS”) through its specialty trade distribution subsidiary, SRS Distribution Inc. (“SRS”), for a total enterprise value (including net debt) of approximately $5.5 billion. GMS is one of the leading distributors of specialty building products including drywall, ceilings, steel framing and other complementary products related to remodeling and construction projects in residential and commercial end markets. The agreement to acquire GMS was previously announced on June 30, 2025.
(The Home Depot)
“The addition of GMS further enhances SRS’s position as a leading multi-category building materials distributor, bringing differentiated capabilities, product categories and customer relationships that are highly complementary to SRS’s business today,” said Ted Decker, chair, president and CEO of The Home Depot. “We want to serve the Pro across their entire project, and the combination of SRS and GMS will enable cross-selling synergies, strengthen our capabilities, and bring even more opportunities to grow with this important customer.”
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