Home Depot is acquiring specialty building products distributor GMS for $4.3 billion in equity, as part of its ongoing strategy to expand in the professional building materials sector. This follows its $18 billion purchase of SRS Distribution last year, further strengthening its ability to serve residential and commercial contractors. The deal positions Home Depot to compete more aggressively by creating a massive supply network with over 1,200 locations and 8,000 delivery trucks.
