Home Depot Tightens Its Grip On The Pro Market By Acquiring GMS Under Its SRS Subsidiary
1. Home Depot's SRS subsidiary acquires GMS for $4.3 billion. 2. Acquisition expands product offerings and increases distribution capabilities significantly. 3. Home improvement growth forecast revised down to 3.4%; pro market to grow 4.9%. 4. Home Depot aims for long-term market dominance despite current consumer uncertainty. 5. Record home equity indicates potential for future consumer spending in home renovations.