Reported about 8 hours ago
Home Depot's SRS Distribution has announced its agreement to acquire GMS, a specialty building products distributor, for approximately $4.3 billion. This acquisition aims to strengthen Home Depot's position in the contractor market amid growing competition from rivals like QXO, which had made a competing offer. The deal, which represents a premium for GMS shareholders, will enhance SRS's distribution network across North America and is expected to close by the end of fiscal 2025.
Source: YAHOO