Atlanta-based Home Depot buying local specialty building products distributor GMS in $4.3B deal

The outside of a Home Depot
A view of the exterior of the Home Depot improvement store, in Niles, Ill., on Feb. 19, 2022. (AP Photo/Nam Y. Huh, File)

Home Depot is buying specialty building products distributor GMS Inc. in a deal valued at approximately $4.3 billion.

The Atlanta home improvement chain said Monday the transaction will help strengthen Home Depot’s relationship with professional contractors.

GMS of Tucker, Georgia, is a distributor of specialty building products including drywall, ceilings, steel framing and other complementary products related to construction and remodeling projects in residential and commercial end markets.