Weil is advising The Home Depot^® in its definitive agreement for its specialty trade distribution subsidiary, SRS Distribution Inc., to acquire GMS Inc., a leading North American specialty building products distributor. The transaction implies a total enterprise value (including net debt) for GMS of approximately $5.5 billion.

In 2024, the company acquired SRS, establishing The Home Depot as a leading specialty trade distributor across multiple verticals including roofing, landscaping and pool supplies. The acquisition of GMS will accelerate SRS’s vision of becoming a leading, multi-category building materials distributor, adding a new vertical that is adjacent to its existing business. GMS is a leading distributor of specialty building products including drywall, ceilings, steel framing and other complementary products related to construction and remodeling projects in residential and commercial end markets.

The Weil team is led by Mergers & Acquisitions partners Michael J. Aiello and Michelle Sargent and includes associates Emily Ross, Eileen Creaser, Vincent Calderon and Rae Kong; U.S. Antitrust Co-Head Jeffrey Perry, partners Megan Granger and Kristin Sanford and associate Rob Meyer; Employment partner Rebecca Sivitz and associates Heylee Bernstein, Matt Gang and Clare Godfryd; Technology & IP Transactions partner Max Scott and associates Amy Montoya, Adeline Park, Kristen Pavlounis, Dominic Farchione, Alexis Bello and Taya Bokert; U.S. Privacy & Cybersecurity Head Olivia Greer; Executive Compensation & Benefits Head Paul Wessel, partner Amanda Rotkel and associates Nate Gross and Maddie Bober; Capital Markets partners Frank Adams and Michael Stein as well as associates Sakshi Sharma and Evan Caltavuturo; Banking & Finance partner Jessie Chiang and associate Enrique Lopez Scherer; Tax Head Joseph Pari and associates Madeline Joerg and Grant Solomon; Public Company Advisory Group Co-Head Lyuba Goltser; Real Estate Co-Head Jannelle Seales and associates Ilana Bier and Subrina Chowdhury; and Regulatory Transactions partners Matthew Morton and Timothy Welch as well as associates Graham McHenry, Caleb Holland and Sisi Liu.