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Home Depot is making another big move. On Monday, the company shared plans to acquire building materials distributor GMS in a deal valued at roughly $4.3 billion.

The deal is part of Home Depot's plan to serve more professional builders and contractors.

GMS, based in Tucker, Georgia, sells building products like drywall and steel used in homes and commercial buildings.

Home Depot wants to help pros like electricians, roofers, and remodelers who need large amounts of supplies for year-round projects.

According to CNBC, Home Depot will handle the purchase through SRS Distribution, a company it bought last year for $18.25 billion.

SRS provides building supplies to professionals in landscaping, roofing, and pool construction.

As part of the agreement, SRS will buy all GMS shares for $110 each in cash. When GMS's debt is included, the full value of the buyout comes to around $5.5 billion.

Home Depot and SRS to Build Massive Pro Supply Network

Dan Tinker, CEO of SRS, 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."

This deal ends a possible bidding war with Brad Jacobs, CEO of QXO, another building products company.

QXO had offered $5 billion in cash for GMS and was ready to go ahead with a hostile takeover, AP News said. Home Depot quickly stepped in and made its own offer just days later.

The deal is expected to be finalized by the end of Home Depot's 2025 fiscal year.

The company's focus on professionals comes at a time when do-it-yourself sales are slowing. High mortgage rates have made homeowners less likely to start big home projects.

Home Depot said its total sales are expected to grow by 2.8% this year, with sales from existing stores up about 1%.

By investing in pro services and suppliers like GMS, the company hopes to keep growing despite changes in the market.

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