Home Depot acquires building material distributor GMS in $5.5 billion deal

Sat, Sep 6, 2025, 11:58 AM 2 min read

Home Depot completed an acquisition of building material distributor GMS Inc. in a $5.5 billion deal, as the company continues to push for more business from professional contractors, it announced on Thursday, Sept. 4.

The Atlanta, Georgia-headquartered home improvement retailer first announced the acquisition in June.

Home Depot completed the deal through its subsidiary, SRS Distribution Inc., a roofing distributor that the company acquired in a massive $18 billion deal in March 2024.

In a news release, Home Depot stated that both distributors, GMS and SRS, will offer "more fulfillment and service options" for professional contractors.

Edward "Ted" Decker, Home Depot's president and CEO, said in the release that the company wants "to serve the Pro across their entire project.”

More: Home Depot acquires SRS Distribution in $18 billion purchase to attract more pro customers

Gypsum Management & Supply, also known as GMS, is a distributor of specialty building products including drywall, ceilings and steel framing, according to Home Depot.

Additionally, GMS has other products for residential and commercial remodeling and construction projects, the news release added.

According to GMS's website, the company began operating in 1971 and currently has more than 300 distribution centers across the United States and Canada. It is unclear whether any of the centers will close under Home Depot's ownership.

Home Depot announced the acquisition's completion and emphasized its focus on "growing its share of wallet" with professional contractors, the company said in a release.

"The company is building differentiated offerings and capabilities to better serve Pros across their entire project – from large, complex jobs to smaller renovations and repairs," the release reads.

When the company acquired SRS Distribution, it said SRS would operate as an independent business within Home Depot.

SRS said its role would be to grow what Home Depot's pro business is, which includes contractors working on projects who typically purchase supplies wholesale or through specialty distributors.

In the GMS acquisition, Home Depot and its subsidiary Gold Acquisition Sub, Inc. accepted payment of $110 per share in cash, according to the company.

Through the deal, GMS is now a direct subsidiary of SRS and an indirect, wholly owned subsidiary of Home Depot.

Contributing: Eric Lagatta/ USA TODAY

Melina Khan is a national trending reporter for USA TODAY. She can be reached at melina.khan@usatoday.com. 

This article originally appeared on USA TODAY: Home Depot acquires distributor GMS for $5.5 billion. What to know.