Home Depot Completes Acquisition of GMS for $5.5 Billion, Enhancing Specialty Building Products Distribution Capabilities.

The Home Depot has completed its acquisition of GMS Inc. through its subsidiary SRS Distribution Inc. for $5.5 billion. The deal adds GMS's specialty building products, including drywall and steel framing, to SRS's existing offerings. The acquisition aims to enhance SRS's position as a leading multi-category building materials distributor and strengthen its capabilities to serve professional contractors. The acquisition is expected to enable cross-selling synergies and bring more opportunities to grow with this important customer.