The Home Depot (HD) announced that it has completed the acquisition of GMS Inc. (GMS) through its specialty trade distribution subsidiary, SRS Distribution, for a total enterprise value of approximately $5.5B. GMS is one of the leading distributors of specialty building products including drywall, ceilings, steel framing and other complementary products related to remodeling and construction projects in residential and commercial end markets. The agreement to acquire GMS was previously announced on June 30.
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