News

Billionaire Brad Jacobs' QXO offers $5 billion for GMS, threatens to go hostile
Billionaire Brad Jacobs' new building-products distributor QXO made an offer on Wednesday to acquire GMS for about $5 billion ...
Home Depot heads deeper into the building supply business with $5 billion acquisition of GMS
A subsidiary of Home Depot’s SRS Distribution Inc., the supply company it bought last year, will start a cash tender offer to ...
GMS: Will QXO's Bid Unlock Its Potential? (Rating Upgrade)
In FY2025, despite steady revenues, GMS's cash flow from operations (or CFO) declined by 11% compared to a year ago. Free ...
QXO turns attention elsewhere as Home Depot nabs GMS - source
Home Depot’s agreement to acquire building products distributor GMS, Inc. for $110 per share in cash has prompted Brad Jacobs-led QXO Inc. (NYSE:QXO) to shift its focus to other targets, according to ...
Home Depot is buying GMS for about $4.3 billion as it chases more home pros
Home Depot bought SRS Distribution — the subsidiary that’s acquiring GMS — last year for $18.25 billion, in the largest ...
GMS Is The Right Fit For QXO's Long-Term Goal
QXO Inc.'s aggressive M&A strategy aims to consolidate the construction industry and leverage AI for operational advantages.
Why GMS Stock Is Soaring Today
QXO is a roll-up put together by Brad Jacobs, the M&A specialist behind companies including XPO and United Rentals. The ...
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QXO Won’t Raise Its Offer for GMS After Home Depot Bid
QXO Inc. won’t raise its $5 billion offer for building products distributor GMS Inc. after Home Depot Inc. reportedly made its own bid. A spokesman for QXO said June 20 that $5 billion is the ...