GMS Stock Surges 579% to 75th in Daily Rankings as The Home Depot's SRS Distribution Acquires for $4.3 Billion

On June 30, 2025, GMS's trading volume reached 8.66 billion, marking a significant 579.01% increase from the previous day. This surge placed GMS at the 75th position in the daily stock market rankings. GMS's stock price rose by 11.74%.

The Home Depot has entered into an agreement with SRS Distribution to acquire GMS Inc., a leading North American specialty building products distributor. This acquisition is part of The Home Depot's strategy to expand its presence in the specialty trade distribution market.

Under the terms of the agreement, a subsidiary of SRS will initiate a tender offer to acquire all outstanding shares of GMS common stock for $110.00 per share. This deal values GMS at $4.3 billion, or $5.5 billion including debt, reflecting a significant equity value of $4.3 billion.

The acquisition of GMS by The Home Depot's SRS Distribution subsidiary is expected to strengthen The Home Depot's position in the $475 billion Pro market, particularly in online-enabled jobsite delivery. This move aligns with The Home Depot's broader strategy to enhance its B2B reach and solidify its leadership in the specialty trade distribution sector.