News

Home Depot heads deeper into the building supply business with $5 billion acquisition of GMS
A subsidiary of Home Depot’s SRS Distribution Inc., the supply company it bought last year, will start a cash tender offer to ...
Billionaire Brad Jacobs' QXO offers $5 billion for GMS, threatens to go hostile
Billionaire Brad Jacobs' new building-products distributor QXO made an offer on Wednesday to acquire GMS for about $5 billion ...
QXO turns attention elsewhere as Home Depot nabs GMS - source
Home Depot’s agreement to acquire building products distributor GMS, Inc. for $110 per share in cash has prompted Brad Jacobs-led QXO Inc. (NYSE:QXO) to shift its focus to other targets, according to ...
GMS: Will QXO's Bid Unlock Its Potential? (Rating Upgrade)
In FY2025, despite steady revenues, GMS's cash flow from operations (or CFO) declined by 11% compared to a year ago. Free ...
Home Depot is buying GMS for about $4.3 billion as it chases more home pros
Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest ...
Why GMS Stock Is Soaring Today
QXO is a roll-up put together by Brad Jacobs, the M&A specialist behind companies including XPO and United Rentals. The ...
GMS Is The Right Fit For QXO's Long-Term Goal
QXO Inc.'s aggressive M&A strategy aims to consolidate the construction industry and leverage AI for operational advantages.
Wall Street Journal3d
Home Depot Wins Bidding War to Buy GMS for $4.3 Billion
Home Depot will buy building-products distributor GMS for about $4.3 billion, winning a bidding war over roofing-products distributor QXO. Including debt, the transaction is valued at about $5.5 ...
Home Depot announces $4.3 billion deal to acquire GMS building products distributor
Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion. The ...