The Home Depot's SRS Distribution to Acquire GMS, Enhancing Offerings for Professional Contractors
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The Home Depot's subsidiary, SRS Distribution Inc., has entered into a definitive agreement to acquire GMS Inc., a leading North American specialty building products distributor. This acquisition aims to enhance The Home Depot's distribution capabilities for professional contractors, improving product offerings and services. The deal will be funded through cash and debt, with GMS continuing under its current leadership. The Home Depot expects the acquisition to positively impact adjusted EPS in the first year post-closing, excluding synergies.
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