USA –   The Home Depot, the world’s largest home improvement retailer, announced it has completed the acquisition of GMS Inc. through its specialty distribution subsidiary, SRS Distribution Inc., for a total enterprise value, including net debt, of approximately USD 5.5 billion.

GMS is a leading distributor of specialty building products, including drywall, ceilings, steel framing, and complementary materials for remodeling and construction projects across residential and commercial markets. The agreement was first announced on June 30, 2025.

“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,” said Ted Decker, chair, president and CEO of The Home Depot.

The acquisition underscores The Home Depot’s strategy to expand offerings for professional contractors (Pros) across projects of all scales, from major builds to smaller renovations and repairs. Following the 2024 acquisition of SRS, the company has delivered strong execution and market share growth. Now, combining SRS and GMS will provide a unique value proposition with expanded fulfillment and service options, helping Pros complete projects more quickly and seamlessly.