Home Depot Acquires GMS Inc. for $4.5 Billion

Tucker-based building supply company latest addition to retailer’s contractor-focused expansion strategy

Tucker, Georgia – Home Depot is set to acquire Tucker-based Gypsum Management & Supply (GMS) Inc. for $4.5 billion as part of its strategy to strengthen relationships with contractors.

GMS Inc. specializes in building products including drywall, ceiling materials, and other supplies for commercial and residential construction projects. According to WABE, the deal involves Home Depot subsidiary SRS Distribution launching “a cash tender offer to buy all outstanding shares of GMS for $110 per share.” The total equity value of the transaction is approximately $4.3 billion, with the overall deal worth about $5.5 billion when including debt.

Home Depot recently acquired SRS Distribution in an $18.25 billion transaction. The GMS acquisition is expected to close by the end of 2025.