The Home Depot has completed its previously announced acquisition of GMS Inc. via its McKinney-based specialty trade distribution subsidiary, SRS Distribution, for a total enterprise value of roughly $5.5 billion.
GMS is a leading distributor of specialty building products including drywall, ceilings, steel framing, and other complementary products related to remodeling and construction projects in residential and commercial end markets. The deal was first announced on June 30.
The Home Depot acquired SRS in 2024 for over $18 billion, and SRS continues to show strong execution, performance, and market share gains, the company said—adding that GMS and SRS will now serve the residential and commercial pro market “more holistically.” That will include more fulfillment and service options that will enable pros to more quickly and seamlessly complete their projects, the company said.
“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 to SRS’s business today,” Ted Decker, chair, president, and CEO of The Home Depot, said in a statement. “We want to serve the pro across their entire project, and the combination of SRS and GMS will enable cross-selling synergies, strengthen our capabilities, and bring even more opportunities to grow with this important customer.”
The Home Depot said it’s focused on growing its share of wallet with professional contractors, and the company is building differentiated offerings and capabilities to better serve pros across their entire project—from large, complex jobs to smaller renovations and repairs.
More on the three companies
The Home Depot is the world’s largest home improvement specialty retailer. At the end of the second quarter, it operated more than 2,353 retail stores, over 800 branches and more than 325 distribution centers that directly fulfill customer orders across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico.
The company employs more than 470,000 associates.
Founded in 2008, SRS Distribution has become one of the fastest-growing building products distributors in the United States. SRS Distribution, a wholly owned subsidiary of The Home Depot, operates under a family of distinct local brands encompassing more than 800 locations across 48 states.
Founded in 1971, Tucker, Georgia-based GMS operates a network of more than 300 distribution centers with extensive product offerings of wallboard, ceilings, steel framing, and complementary products. It also operates nearly 100 tool sales, rental, and service centers, providing a comprehensive selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada.
Don’t miss what’s next. Subscribe to Dallas Innovates.
Track Dallas-Fort Worth’s business and innovation landscape with our curated news in your inbox Tuesday-Thursday.
R E A D N E X T
-
The accelerator's first cohort is charting unknown entrepreneurial territory—with up to $100K investment potential.
-
As global threats continue to rise, the U.S. Navy has urgent need for something silent beneath the seas—new submarines to augment its existing fleet. But America’s submarine industry will need to hire 140,000 skilled employees over the next decade to meet the service's growing demand. Now Southlake-based Learning Blade, a STEM career exploration platform for grades 5–9, is diving in to help address this critical workforce shortage—by sparking a new generation of sub builders.
-
The owners of U.S. Property Development have been involved in more than $50 million in projects over the past 18 months, the new firm said. It's owned by investment leaders behind Fort Worth-based U.S. Energy Development Corp., and leverages operational efficiencies from a shared back-office platform.
-
From a new "showcase space" at its Richardson HQ to a new regional distribution center near DFW Airport to a huge national distribution center being built near Fort Worth, Lennox International is ramping up its North Texas footprint. The payoff? Improving "speed-to-market" and driving "long-term value" for its customers.
-
The Building Brains Coalition builds upon the growing recognition that brain health is integral to human potential and societal progress, HKS said. Founding partners include HKS, The Center for BrainHealth, Center for Advanced Design Research and Evaluation (CADRE), the Brain Capital Alliance, and Rice University’s Baker Institute Neuro-Policy Program.
![Erica Kosemund, Chief Brand Officer, Choctaw Nation of Oklahoma; Gillian Breidenbach, Chief Partnership Officer, North Texas FWC Organizing Committee; Chief Gary Batton, Chief of Choctaw Nation of Oklahoma; Monica Paul, Executive Director of Dallas Sports Commission and President of North Texas FWC Organizing Committee; John Hobbs, Senior Executive Officer of Communications, Choctaw Nation of Oklahoma; and Heidi Grant, Senior Executive Officer of Commerce Administration, Choctaw Nation of Oklahoma, celebrate Choctaw Casinos & Resorts becoming an Official Dallas World Cup 2026 Host City Supporter. [Photo: North Texas FWC Organizing Committee/Choctaw Casinos & Resorts]](https://s24806.pcdn.co/wp-content/uploads/2025/12/FIFA-Choctaw-dec-2025-75x69.jpg)
![Erica Kosemund, Chief Brand Officer, Choctaw Nation of Oklahoma; Gillian Breidenbach, Chief Partnership Officer, North Texas FWC Organizing Committee; Chief Gary Batton, Chief of Choctaw Nation of Oklahoma; Monica Paul, Executive Director of Dallas Sports Commission and President of North Texas FWC Organizing Committee; John Hobbs, Senior Executive Officer of Communications, Choctaw Nation of Oklahoma; and Heidi Grant, Senior Executive Officer of Commerce Administration, Choctaw Nation of Oklahoma, celebrate Choctaw Casinos & Resorts becoming an Official Dallas World Cup 2026 Host City Supporter. [Photo: North Texas FWC Organizing Committee/Choctaw Casinos & Resorts]](https://s24806.pcdn.co/wp-content/uploads/2025/12/FIFA-Choctaw-dec-2025.jpg)
