Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A

What impact does Trump's megabill have on US economy? Why did Tesla's deliveries drop sharply this quarter? How will expiration of US EV tax credits affect sales? What caused French air traffic strike disruptions? Why are crypto firms seeking bank charters now? How will the US-Vietnam trade deal impact tariffs? What drove S&P 500 to new record highs today?

Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A

fortune.com/2025/07/01/home-depot-gms-deal-stock-outlook

Earlier this week, Home Depot said one of its business units was buying building-products distributor GMS for some $4.3 billion, prevailing in a bidding war and showing just how seriously the home improvement chain is about winning the market for professional contractors at a time the…

This story appeared on fortune.com, 2025-07-01 19:11:33.