Home Depot acquired GMS to corner the pro market, but may have overpaid at $4.3 billion
Home Depot, the largest home improvement company on the Fortune 500, is leaning into a contractor customer base, announcing Monday its acquisition of specialty building products distributor GMS for about $4.3 billion. The company says scooping up GMS will help grow its professional contracting (Pro) business, which was also aided by Home Depot’s 2024 acquisition … Read more