The Home Depot announced the completion of its acquisition of GMS Inc. through its specialty trade distribution subsidiary, SRS Distribution Inc. The transaction was finalized for a total enterprise value, including net debt, of approximately $5.5 billion.
GMS, a leading North American specialty distributor of building products, will now operate as part of SRS Distribution. The acquisition price for GMS common stock was $110.00 per share in cash.
This strategic acquisition expands SRS Distribution's offerings for professional contractors, integrating GMS's extensive product lines including drywall, ceilings, steel framing, and other complementary construction products.
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