Home Depot Tightens Its Grip On The Pro Market By Acquiring GMS Under Its SRS Subsidiary
The post Home Depot Tightens Its Grip On The Pro Market By Acquiring GMS Under Its SRS Subsidiary appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – FEBRUARY 26: General view of a Home Depot store in Midtown Manhattan on … More February 26, 2025 in New York City. Home Depot quarterly sales topped expectations, with projections of 2.8% growth for fiscal year 2025. (Photo by Eduardo MunozAlvarez/VIEWpress) Corbis via Getty Images The Home Depot has just announced that its SRS Distribution subsidiary, the cornerstone of its professional contractor “Pros” strategy, has acquired GMS Inc., further extending its reach into the building trades and contractor market. The $4.3 billion deal, expected to close by the end of fiscal 2025, builds on Home Depot’s $18 billion acquisition of SRS in March 2024. GMS will complement SRS’s specialty in serving the roofer, landscaper and pool contractor markets with GMS’s expertise in supplying drywall, ceilings, steel framing and other materials for interior projects. Beyond product expansion, GMS adds more than 320 distribution centers, including 100 tool sales, rental and service centers, as well as 3,000 specialized trucks suited for last-mile deliveries. GMS CEO John Turner and his senior executive team will continue to lead the company within the SRS organization. “The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before,” SRS CEO Dan Tinker said in a statement. “Together, we’ll create a network of more than 1,200 locations and a fleet of more than 8,000 trucks capable of making tens of thousands of jobsite deliveries per day.” Upon the acquisition of SRS last year, Home Depot estimated its total addressable market increased by $50 billion, bringing its TAM in both the consumer and pro markets to $1 trillion. Tightening Home Depot’s grip on the pro market will pay off down the line with consumers too because they will follow where the in-the-know…
The post Home Depot Tightens Its Grip On The Pro Market By Acquiring GMS Under Its SRS Subsidiary appeared on BitcoinEthereumNews.com.
NEW YORK, NEW YORK – FEBRUARY 26: General view of a Home Depot store in Midtown Manhattan on … More February 26, 2025 in New York City. Home Depot quarterly sales topped expectations, with projections of 2.8% growth for fiscal year 2025. (Photo by Eduardo MunozAlvarez/VIEWpress) Corbis via Getty Images The Home Depot has just announced that its SRS Distribution subsidiary, the cornerstone of its professional contractor “Pros” strategy, has acquired GMS Inc., further extending its reach into the building trades and contractor market. The $4.3 billion deal, expected to close by the end of fiscal 2025, builds on Home Depot’s $18 billion acquisition of SRS in March 2024. GMS will complement SRS’s specialty in serving the roofer, landscaper and pool contractor markets with GMS’s expertise in supplying drywall, ceilings, steel framing and other materials for interior projects. Beyond product expansion, GMS adds more than 320 distribution centers, including 100 tool sales, rental and service centers, as well as 3,000 specialized trucks suited for last-mile deliveries. GMS CEO John Turner and his senior executive team will continue to lead the company within the SRS organization. “The combination of GMS and SRS will provide the residential and commercial Pro customer with more fulfillment and service options than ever before,” SRS CEO Dan Tinker said in a statement. “Together, we’ll create a network of more than 1,200 locations and a fleet of more than 8,000 trucks capable of making tens of thousands of jobsite deliveries per day.” Upon the acquisition of SRS last year, Home Depot estimated its total addressable market increased by $50 billion, bringing its TAM in both the consumer and pro markets to $1 trillion. Tightening Home Depot’s grip on the pro market will pay off down the line with consumers too because they will follow where the in-the-know…
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