The Home Depot to acquire GMS for $5.5bn.

The Home Depot, a home improvement retailer, offered to acquire GMS, a North American specialty building products distributor, for $5.5bn. "We are excited to join with SRS and The Home Depot, and we believe this transaction delivers significant value to our customers, suppliers and team. Since GMS's founding, we have never strayed from our commitment to be the best distributor in our markets and provide outstanding service for our customers. We look forward to providing an even wider breadth of product offerings and services while delivering superior value to our professional contractor customers as part of SRS and The Home Depot family. We are confident that this transaction positions GMS to capitalize on the promising opportunities ahead and accelerate our growth," John C. Turner, Jr., GMS President and CEO.