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Home Depot made a key acquisition to corner the pro market—but some analysts say it overpaid at $4.3 billion

Home Depot GMs SRS Raymond James

(Credit: Justin Sullivan—Getty Images)

Home Depot is acquiring building materials distributor GMS for $4.3 billion to strengthen its “Pro” contractor business and expand into drywall, ceilings, and steel framing. Analysts support the strategic value of the deal, but some say the purchase price may be high and could raise investor concerns.

Home Depot, the largest home improvement company on the Fortune 500, is leaning into a contractor customer base, announcing Monday its acquisition of specialty building products distributor GMS for about $4.3 billion.

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