As it awaits the closure of its acquisition of GMS, The Home Depot issued a couple of key updates on the transaction on Aug. 21 and Aug. 25.

First, the do-it-yourself and contractor supplies retailer shared that it had received early antitrust clearance from the U.S. Justice Department for the waiting period under the HSR Act in conjunction with the deal — valued at $5.5 billion. HD is paying $4.3 billion for SRS ($110.0 per share).

Premium: Home Depot Shares the Why Behind GMS Purchase (Aug. 20)

That satisfies a key component of the transaction agreement that was dated June 29. The others include expiration of the waiting period under the Canadian Competition Act, and a majority of shares tendered immediately prior to the expiration of the tender offer deadline.

With that, HD said it has re-extended the deadline now to midnight after Sept. 3, pushed back from the previously extended Aug. 22. The original deadline was Aug. 8.

The company added that, according to the depositor of the tender offer, approximately 77% of GMS shares had been tendered as of close of business on Aug. 22. That figure was near 35% at the end of Aug. 6.

All other terms of the deal are unchanged.

The GMS deal follows HD’s $18.25 billion purchase of fellow specialty building materials supplier SRS Distribution in 2024, which was HD’s largest transaction in company history. That deal closed in mid-June 2024, less than three months after its agreement was originally announced.

On MDM’s 2025 Top Distributors Lists, The Home Depot’s Pro component ranks No. 6 for Industrial Supplies, No. 4 for MRO, No. 3 for Building Materials and No. 9 for JanSan, while GMS ranks No. 9 for Building Materials/Construction.