{"id":1430,"date":"2025-07-02T18:48:04","date_gmt":"2025-07-02T18:48:04","guid":{"rendered":"https:\/\/lightingnewsnow.com\/?p=1430"},"modified":"2025-07-02T18:48:15","modified_gmt":"2025-07-02T18:48:15","slug":"the-home-depot-increase-into-contractor-market","status":"publish","type":"post","link":"https:\/\/lightingnewsnow.com\/?p=1430","title":{"rendered":"The Home Depot Increases Reach Into Contractor Market With Acquisition"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Home Depot\u00ae has entered into a definitive agreement for its specialty trade distribution subsidiary, SRS Distribution Inc. (<a href=\"https:\/\/www.srsdistribution.com\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\">SRS<\/a>), to acquire GMS Inc. (<a href=\"https:\/\/www.gms.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">GMS<\/a>), a leading North American specialty building products distributor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Home Depot\u2019s strategy includes growing its professional contractor business by building differentiated offerings and capabilities that better serve contractors across their entire project \u2013 from large, complex jobs to smaller renovations and repairs. In 2024, the company acquired SRS, which gave Home Depot a foothold across multiple verticals including roofing, landscaping, and pool supplies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition of GMS will reportedly accelerate SRS\u2019 vision of becoming a leading, multi-category building materials distributor, adding a new vertical that is adjacent to its existing business. GMS is a leading distributor of specialty building products including drywall, ceilings, steel framing, and other complementary products related to construction and remodeling projects in residential and commercial markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before. Together, we\u2019ll create a network of more than 1,200 locations and a fleet of more than 8,000 trucks capable of making tens of thousands of jobsite deliveries per day,\u201d said Dan Tinker, CEO of SRS. \u201cGMS is an industry leader with a proven track record of growth, and we look forward to welcoming the entire GMS team to SRS and capturing the exciting opportunity ahead.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are excited to join with SRS and The Home Depot, and we believe this transaction delivers significant value to our customers, suppliers and team,\u201d said John C. Turner, Jr., president and CEO of GMS. \u201cSince GMS\u2019s founding, we have never strayed from our commitment to be the best distributor in our markets and provide outstanding service for our customers. We look forward to providing an even wider breadth of product offerings and services while delivering superior value to our professional contractor customers as part of SRS and The Home Depot family. We are confident that this transaction positions GMS to capitalize on the promising opportunities ahead and accelerate our growth.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Turner, as well as his senior leadership team, will continue to lead GMS as part of the SRS organization.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the terms of the merger agreement, a subsidiary of SRS will commence a cash tender offer to purchase all outstanding shares of GMS common stock for $110 per share, reflecting a total equity value of approximately $4.3 billion and implying a total enterprise value (including net debt) of approximately $5.5 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The transaction is expected to be funded through cash on hand and debt and is not expected to alter the company\u2019s plan to return to a 2.0x leverage ratio by the end of fiscal 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Related articles<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/lightingnewsnow.com\/?p=1173\">4 Take-Aways From Home Depot\u2019s &amp; Lowe\u2019s Earnings Reports<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Home Depot\u00ae has entered into a definitive agreement for its specialty trade distribution subsidiary, SRS Distribution Inc. (SRS), to acquire GMS Inc. (GMS), a leading North American specialty building products distributor. The Home Depot\u2019s strategy includes growing its professional contractor business by building differentiated offerings and capabilities that better serve contractors across their entire&hellip;<\/p>\n","protected":false},"author":2,"featured_media":1431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":88,"footnotes":""},"categories":[11],"tags":[293,436,435,340,434],"class_list":["post-1430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-acquisition","tag-contractor","tag-gms","tag-home-depot","tag-srs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Home Depot Increases Reach Into Contractor Market With Acquisition - Lighting News Now<\/title>\n<meta name=\"description\" content=\"Home Depot has entered into an agreement for its specialty trade distribution subsidiary to acquire a specialty building products distributor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lightingnewsnow.com\/?p=1430\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Home Depot Increases Reach Into Contractor Market With Acquisition - Lighting News Now\" \/>\n<meta property=\"og:description\" content=\"Home Depot has entered into an agreement for its specialty trade distribution subsidiary to acquire a specialty building products distributor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lightingnewsnow.com\/?p=1430\" \/>\n<meta property=\"og:site_name\" content=\"Lighting News Now\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T18:48:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-02T18:48:15+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/lightingnewsnow.com\/wp-content\/uploads\/2025\/07\/Home-Depot_1580.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1580\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Linda Longo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Linda Longo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430\"},\"author\":{\"name\":\"Linda Longo\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#\\\/schema\\\/person\\\/7b91a4fcdfd101c1a8cd62bed02204e5\"},\"headline\":\"The Home Depot Increases Reach Into Contractor Market With Acquisition\",\"datePublished\":\"2025-07-02T18:48:04+00:00\",\"dateModified\":\"2025-07-02T18:48:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430\"},\"wordCount\":467,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Home-Depot_1580.png\",\"keywords\":[\"acquisition\",\"contractor\",\"GMS\",\"Home Depot\",\"SRS\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430\",\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430\",\"name\":\"The Home Depot Increases Reach Into Contractor Market With Acquisition - Lighting News Now\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Home-Depot_1580.png\",\"datePublished\":\"2025-07-02T18:48:04+00:00\",\"dateModified\":\"2025-07-02T18:48:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#\\\/schema\\\/person\\\/7b91a4fcdfd101c1a8cd62bed02204e5\"},\"description\":\"Home Depot has entered into an agreement for its specialty trade distribution subsidiary to acquire a specialty building products distributor.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#primaryimage\",\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Home-Depot_1580.png\",\"contentUrl\":\"https:\\\/\\\/lightingnewsnow.com\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Home-Depot_1580.png\",\"width\":1580,\"height\":900},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/?p=1430#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/lightingnewsnow.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Home Depot Increases Reach Into Contractor Market With Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#website\",\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/\",\"name\":\"Lighting News Now\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/lightingnewsnow.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/lightingnewsnow.com\\\/#\\\/schema\\\/person\\\/7b91a4fcdfd101c1a8cd62bed02204e5\",\"name\":\"Linda Longo\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g\",\"caption\":\"Linda Longo\"},\"url\":\"https:\\\/\\\/lightingnewsnow.com\\\/?author=2\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Home Depot Increases Reach Into Contractor Market With Acquisition - Lighting News Now","description":"Home Depot has entered into an agreement for its specialty trade distribution subsidiary to acquire a specialty building products distributor.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lightingnewsnow.com\/?p=1430","og_locale":"en_US","og_type":"article","og_title":"The Home Depot Increases Reach Into Contractor Market With Acquisition - Lighting News Now","og_description":"Home Depot has entered into an agreement for its specialty trade distribution subsidiary to acquire a specialty building products distributor.","og_url":"https:\/\/lightingnewsnow.com\/?p=1430","og_site_name":"Lighting News Now","article_published_time":"2025-07-02T18:48:04+00:00","article_modified_time":"2025-07-02T18:48:15+00:00","og_image":[{"width":1580,"height":900,"url":"http:\/\/lightingnewsnow.com\/wp-content\/uploads\/2025\/07\/Home-Depot_1580.png","type":"image\/png"}],"author":"Linda Longo","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Linda Longo","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/lightingnewsnow.com\/?p=1430#article","isPartOf":{"@id":"https:\/\/lightingnewsnow.com\/?p=1430"},"author":{"name":"Linda Longo","@id":"https:\/\/lightingnewsnow.com\/#\/schema\/person\/7b91a4fcdfd101c1a8cd62bed02204e5"},"headline":"The Home Depot Increases Reach Into Contractor Market With Acquisition","datePublished":"2025-07-02T18:48:04+00:00","dateModified":"2025-07-02T18:48:15+00:00","mainEntityOfPage":{"@id":"https:\/\/lightingnewsnow.com\/?p=1430"},"wordCount":467,"commentCount":0,"image":{"@id":"https:\/\/lightingnewsnow.com\/?p=1430#primaryimage"},"thumbnailUrl":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2025\/07\/Home-Depot_1580.png","keywords":["acquisition","contractor","GMS","Home Depot","SRS"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/lightingnewsnow.com\/?p=1430#respond"]}]},{"@type":"WebPage","@id":"https:\/\/lightingnewsnow.com\/?p=1430","url":"https:\/\/lightingnewsnow.com\/?p=1430","name":"The Home Depot Increases Reach Into Contractor Market With Acquisition - Lighting News Now","isPartOf":{"@id":"https:\/\/lightingnewsnow.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/lightingnewsnow.com\/?p=1430#primaryimage"},"image":{"@id":"https:\/\/lightingnewsnow.com\/?p=1430#primaryimage"},"thumbnailUrl":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2025\/07\/Home-Depot_1580.png","datePublished":"2025-07-02T18:48:04+00:00","dateModified":"2025-07-02T18:48:15+00:00","author":{"@id":"https:\/\/lightingnewsnow.com\/#\/schema\/person\/7b91a4fcdfd101c1a8cd62bed02204e5"},"description":"Home Depot has entered into an agreement for its specialty trade distribution subsidiary to acquire a specialty building products distributor.","breadcrumb":{"@id":"https:\/\/lightingnewsnow.com\/?p=1430#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lightingnewsnow.com\/?p=1430"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/lightingnewsnow.com\/?p=1430#primaryimage","url":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2025\/07\/Home-Depot_1580.png","contentUrl":"https:\/\/lightingnewsnow.com\/wp-content\/uploads\/2025\/07\/Home-Depot_1580.png","width":1580,"height":900},{"@type":"BreadcrumbList","@id":"https:\/\/lightingnewsnow.com\/?p=1430#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/lightingnewsnow.com\/"},{"@type":"ListItem","position":2,"name":"The Home Depot Increases Reach Into Contractor Market With Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/lightingnewsnow.com\/#website","url":"https:\/\/lightingnewsnow.com\/","name":"Lighting News Now","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lightingnewsnow.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/lightingnewsnow.com\/#\/schema\/person\/7b91a4fcdfd101c1a8cd62bed02204e5","name":"Linda Longo","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/91c8c2aeaa8bae6bb6148d8c20c5a0383f517cd96be31811a84562c9051282ed?s=96&d=mm&r=g","caption":"Linda Longo"},"url":"https:\/\/lightingnewsnow.com\/?author=2"}]}},"_links":{"self":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/1430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1430"}],"version-history":[{"count":1,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/1430\/revisions"}],"predecessor-version":[{"id":1432,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/1430\/revisions\/1432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/1431"}],"wp:attachment":[{"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lightingnewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}